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16 Grape St, Chicopee, MA

Chicopee Multi-Family    (login for more details)

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Unit Information

Amazing opportunity to purchase a cash flowing, fully occupied 29-unit portfolio, in an emerging Chicopee market! This portfolio consists of 29 units, of which 22 are all on one block, the other 7 Units are only a few minutes away (726 Chicopee St). 26 of the 29 units are residential with up to date tenants, no arrears! The other 3 commercial spaces are home to 3 long term tenants, two salons and one storefront style church. Utilities are tenant paid, including electric heat in all 29 units, so no need to worry about replacing boilers. Many updates throughout, including electrical panels, water heaters, and updated units. Additional upside through increasing current rent roll. Proforma is a 8.7% CAP. Professional management company handles the daily operations and maintenance. Perfect for an investor who isn't local or is looking for a "hands off" income producing asset.

Additional Details
Status: PCG
Type: Multi-Family, 5+ Family - 5+ Units Up/Down
Type: Multi-Family, 5+ Family - 5+ Units Up/Down
Zip Code: 01013
Levels: 3
Parking
Parking: Off Street
Rooms and Dimensions
Total Units: 29
Total Floors: 3
Total Rooms: 10
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$3,090,000

  • Status: Price Change
  • Listing ID: 72981901
  • Bedrooms: 63
  • Full Baths: 29
  • Living Area: 27,000 sqft Convert
  • Lot Size: 16,988 sqft Convert
  • Acres: 0.39

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Luxury Residential Group

Luxury Residential Group

(617) 233-5800

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Content © 2022 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Justin Barall of Berkshire Hathaway Home Service New England Properties. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

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