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Key Details
Sold Price $920,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,128 sqft
Price per Sqft $90
MLS Listing ID 73228648
Sold Date 06/26/24
Bedrooms 23
Full Baths 8
Year Built 1912
Annual Tax Amount $10,107
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Investors take notice of this income producing 8 Unit apartment building!! There are (7) 3 bedroom units and (1) 2 bedroom unit. The tenants pay their own electric baseboard heat and electric hot water, and have one parking space each in the rear of the building which is accessed through a right of way off the adjacent side street. The building is currently professionally managed and maintained. There is one vacant 3 bedroom unit that is easy to show. The new owner is required to assume the MRVP Rental Voucher Program with Wayfinders which requires 5 of the 8 units to be rented through this program. The approved rents for these units is $1,669 as of 05/01/2024. The current owner is doing a 1031 exchange with the proceeds, and the buyers cooperation is required.
Location
State MA
County Hampden
Zoning 111C
Direction Rt 116 is Chicopee St
Rooms
Basement Full, Unfinished
Interior
Interior Features Living Room, Kitchen
Heating Electric
Flooring Laminate
Appliance Range, Refrigerator
Exterior
Community Features Public Transportation, Shopping, Pool, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School
Waterfront false
Roof Type Rubber
Total Parking Spaces 8
Garage No
Building
Lot Description Easements
Story 5
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Schools
Elementary Schools Fairview
Middle Schools Bellamy
High Schools Chicopee Comp
Others
Senior Community false
Acceptable Financing Contract
Listing Terms Contract
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Bought with Roland Gelinas • Keller Williams Realty
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