MLS Number 72981901
- Bedrooms 63
- Bathroom 29
- Square Feet 24,000
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 9.7% 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.
Listed by Justin Barall of Berkshire Hathaway Home Service New England Properties