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924 Chicopee St

Chicopee, MA 01013
  • $2,979,000
  • STATUS: Active
  • MLS #: 73228463
UPDATED: 73 min ago
$2,979,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 30,343
    SQFT
  • $98
    $/SQFT
Type:
Commercial
Built:
1901
County:

School Ratings & Info

Listing courtesy of Pankaj Gupta of KW Pinnacle Central.

Description

Dive into an exceptional investment opportunity in Chicopee! This property offers a solid 10% cap rate, with potential to rise to 13%. It features 22 residential and 4 commercial spaces, fully leased out, except 1 residential unit. With 6 three-bedroom, 8 two-bedroom, and 8 one-bedroom units, most recently renovated, it promises comfortable living. Upgrades include individual electric hot water tanks, new windows, a boiler, and refreshed back porches and roof. Rent covers heat, water, and sewer, while tenants handle electric, hot water, and gas bills. Don't miss out on this lucrative chance to invest in Chicopee's real estate market. Schedule a showing today!

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-07-16T11:06:31.923.
www.maloneypropertiesrealestate.com/homes/149871809
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924 Chicopee St Chicopee, MA 01013

  • Price: $2,979,000
  • Status: Active
  • On Site: Days
  • Updated: 73 min ago
  • MLS #: 73228463
0
Beds
0
Baths
0
½ Baths
0.21
Acres
30,343
SQFT
$98
$/SQFT
1901
Built
County:
Hampden
Property Description
Dive into an exceptional investment opportunity in Chicopee! This property offers a solid 10% cap rate, with potential to rise to 13%. It features 22 residential and 4 commercial spaces, fully leased out, except 1 residential unit. With 6 three-bedroom, 8 two-bedroom, and 8 one-bedroom units, most recently renovated, it promises comfortable living. Upgrades include individual electric hot water tanks, new windows, a boiler, and refreshed back porches and roof. Rent covers heat, water, and sewer, while tenants handle electric, hot water, and gas bills. Don't miss out on this lucrative chance to invest in Chicopee's real estate market. Schedule a showing today!
Exterior Features

Parking Total 0 Waterfront YN No

Interior Features

Building Area Total 30343

Property Features

Association YN No Buyer Agency Compensation 1.5% Disclosures All information is as per seller's best knowledge. Buyers should do the due diligenceto validate information provided. Gross Income 388584 Home Warranty YN No Net Operating Income 287820 Operating Expense 100764 Senior Community YN No Tax Annual Amount 41045 Tax Year 2024 Transaction Broker Compensation 0 Utilities Public WaterPublic Sewer Zoning 113

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Pankaj Gupta of KW Pinnacle Central: 508-754-3020.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-07-16T11:06:31.923.
 
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Maloney Properties Real Estate Brokerage
27 Mica Lane 3rd Floor
Wellesley MA, 02481
Listing courtesy of Pankaj Gupta of KW Pinnacle Central.