200 SouthwickWestfield, MA 01085MLS Number 72694110

  • Price: $5,595,000
  • Est. Mortgage of $/month
  • 98 Days on Market
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$/month over payments
Federal 30-year interest rate: 2.8% last updated on Oct 22, 2020
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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200 Southwick Westfield MA 01085200 Southwick Westfield MA 01085200 Southwick Westfield MA 01085200 Southwick Westfield MA 01085200 Southwick Westfield MA 01085200 Southwick Westfield MA 01085200 Southwick Westfield MA 01085
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  • 83Bedrooms
  • 5.6Acreage
  • 80Bathrooms
  • 1967Year Built

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Oakwood Terrace is a fully-renovated 40-unit apartment complex with a pro-forma cap rate of 8.46% and an in-place cap rate of 8.16% located at 200 Southwick Road in Westfield, MA. Comprised of 39 2BR/1.5BA townhouse-style units and 1 3BR/1.5BA townhouse-style unit, this apartment community features 2BR units renting as high as $1,400/mo and 3BR units renting for $1,600/mo. Every unit in this community has been painstakingly renovated within the last 24 months. Boasting premium LVT floors, stainless steel appliances, granite countertops, and high efficiency mini-splits, these units provide high end finishes for an affordable price. Tenants pay heat and electric, while the owner pays for hot water. Residents have access to a full laundry room, with 5 card-operated washer and 6 card-operated dryers.Set on over five acres and abutting woodland on two sides, Oakwood Terrace not only has plenty of irrigated green space, but includes 106 parking spaces; a ratio of over 2.6 spaces per unit.
Listed by Matthew Lefebvre of Elm Grove Realty, LLC

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More Info

Parking

  • Garage Spaces
  • Parking Spaces99
  • Parking DescriptionOff-Street
  • Total Parking Spaces99

Building

  • Year Built1967
  • ConstructionFrame
  • Full Bath40
  • Half Baths40
  • Bedrms 12
  • Bedrms 23
  • Bedrooms83
  • Total Brs83
  • Rms 16
  • Total Fbh40
  • Rms 27
  • Total Flrs2
  • Rms CommonLaundry
  • Total Half Baths40
  • Total Levels4
  • No Rooms13
  • Total Rms99
  • Total Rooms13
  • Levels2
  • Levels 12
  • Levels 22
  • BasementYes
  • FoundationSlab
  • DirectionProperty located on Rt-202
  • Lead PaintNone
  • Units40

Rooms

  • Bathroom80

Location

  • Street Num200
  • Building Number200
  • StreetSouthwick
  • TownWestfield
  • StateMA
  • Zip01085
  • CountyHampden

Interior

  • Basement FeaturePartial
  • F Bths 21
  • F Bths 11
  • H Bths 21
  • H Bths 11
  • Flrs 11
  • Flrs 21

Exterior

  • ExteriorVinyl
  • Roof MaterialAsphalt/Fiberglass Shingles

Utilities

  • Electric FeatureCircuit Breakers, Individually Metered
  • WaterCity/Town Water
  • Hot WaterNatural Gas
  • SewerCity/Town Sewer

Other

  • Year Built DescrpActual, Renovated Since
  • Year RoundYes
  • Apod AvailableNo
  • Noi99999
  • View Count37

Basic Information

  • Property Type5+ Family - 5+ Units Side by Side
  • Date Listed07/18/2020
  • List Price$5,595,000
  • Price Per Sq Ft$164
  • Status Date2020-07-18T17:00:00
  • MLS Number72694110
  • MLS StatusActive

Property

  • Acreage5.6
  • Lot Size243935
  • Lot47
  • Square Feet34,188
  • Lease 1Y
  • Lease 2Y
  • Lot DescriptionPaved Drive, Level, Steep Slope, Scenic View(s)
  • Rent21600
  • Rent11400
  • Total Rent9999
  • Assessments1665600
  • Main LoAN2024
  • Road TypePublic

Amenities

  • UsmAmenitiesBasement

Water Body

  • WaterfrontNo
  • BeachfrontNo

Photos

  • Number of Photos7
  • Photo Date2020-07-18T17:00:00
  • Prop TypeMF
Taylor Real Estate
Taylor Real Estate
Office: 413-527-3375
 87 Main Street
Easthampton, MA 01027

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