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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Last Updated: May 10th, 2024 at 5:12am
General Information for 924 Chicopee St, Chicopee, Massachusetts 01013
Property TypeCommercial Sale
Price$2,979,000
MLS #73228463
List Date2024-04-24
Special Listing Conditions
StateMassachusetts
Street NameChicopee St
Unit
CityChicopee
Zip Code01013
CountyHampden
MLS Status
AssociationNo
Heat Zones
Sold Date
Building Area Total30343
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress924 Chicopee St, Chicopee MA 01013
Zoning
Zoning DescriptionLegal Conforming
Business Type
Interior Features for 924 Chicopee St, Chicopee, Massachusetts 01013
* Approx. Living Area Total30,343 sq ft
MLS Area (Major)
OffMarketDate
Exterior Features for 924 Chicopee St, Chicopee, Massachusetts 01013
* Parking Spaces0
* Year Built1901
Year Built Details
Year Built Source
Construction Materials
Approx. Street Frontage
Utilities
Disclosures for 924 Chicopee St, Chicopee, Massachusetts 01013
Buyer Agent Compensation1.5%
Contingency
Financing
Disclosures
Documents Available
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Facilitator Compensation0
TransactionBrokerCompensationType
BuyerAgencyCompensationType%
Financial Information for 924 Chicopee St, Chicopee, Massachusetts 01013
Association Fee$0
Association Fee Frequency
Associaton Fee Includes
AssociationNo
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease Type
OriginalListPrice$2,979,000
Lifestyle Information for 924 Chicopee St, Chicopee, Massachusetts 01013
Association Amenities
Frontage Type
GarageYNNo
Location information for 924 Chicopee St, Chicopee, Massachusetts 01013
Marketing History for 924 Chicopee St, Chicopee, Massachusetts 01013
MLSPIN_MARKET_TIME_BROKER
MLSPIN_MARKET_TIME_PROPERTY
PurchaseContractDate
Agent Information for 924 Chicopee St, Chicopee, Massachusetts 01013