Off Market
89-95 School St, Chicopee, MA
Chicopee · MA 01013
- $1,299,000
- Price
- 24
- Beds
- 11
- Baths
- 10000
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1935
Units:
11 Units
Lot size:
0 Sq.Ft Lot
Price per square foot:
$130 / Sq.Ft
Parking:
No Parking
About this home
10% Cap Rate! Investment Opportunity! This fully occupied 11-unit mixed-use building offers strong cash flow, long-term stability, and value-add potential! The property features 10 residential units and a ground-level commercial storefront in a prime, high-visibility location. Each unit has separate electric and heating systems, and lead certificates are on file for all residential units. All units are currently rented by long-term tenants, with 9 out of 10 residential units subsidized through Section 8?providing consistent, government-backed rental income. Most tenants are on month-to-month leases, giving a new owner the flexibility to increase rents and boost returns. Professionally managed and well-maintained, this asset is ideal for investors seeking a stabilized building with upside. Whether you're expanding your portfolio or securing your next high-performing asset, this property checks all the boxes!
Neighborhood & Transit
89-95 School St, Chicopee · MA 01013
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 302 days
- Listing Price:
- $1,299,000
- Price per Sq.Ft:
- $130
- Tax Assessment:
- $10,330,000 in 2024
- Taxes:
- $920 / Monthly
Home Facts
Interior Features
- Bedrooms
- 24
- Full Bathrooms
- 11
- Half Bathrooms
- 0
- Living Area
- 10,000 Sq.Ft
- Broker Disclosure about Living Area
- Buyer to verify info and due their own due diligence.
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 10000
- Flooring
- Unknown
- Lead paint
- Certified Treated
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 0 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Jessica Mekal
- Listing office
- Lock and Key Realty Inc.
- MLS PIN #
- 73440475
- Disclosure
- Buyer to verify info and due their own due diligence. Vacant unit photos are from August 2024, prior to tenant move in.
- Disclosure
- Buyer to verify info and due their own due diligence.
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