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16 Grape St, Chicopee MA 01013

$2,900,000

Estimated $7,302/month Calculator

Multi Family

Total Units: 29

Price Per Unit: $100,000

Total Rent: 26400/year

Estimated CAP Rate:

63 Bedrooms

Baths

27000

Total Parking: 0

17,152 (0.39)

NEW opportunity to purchase a cash flowing 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). 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. Many updates throughout, including electrical panels, water heaters, and updated units. Additional upside through increasing current rent roll. Professional management company handles the daily operations. Perfect for an investor looking for a "hands off" income producing asset.

This home has been viewed 47 times

Last Checked: May 6th, 2024 at 1:32pm (Source: MLS PIN #73183242)

Gross Income: $26,400

Gross Expenses: $31,200

Net Income Calc: $4,800

Annual Expenses for 16 Grape St, Chicopee MA 01013

Total Gross Expenses (Calculated)$31,200/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax31200

Annual Income & Unit Breakdown for 16 Grape St, Chicopee MA 01013

Total Gross Income (Calculated)$26,400

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bathrooms

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 16 Grape St, Chicopee MA 01013

Listing ID73183242

Property TypeMulti Family / 5+ Family

Price2900000 ($107.41/SqFt)

Style5-9 Family

CityChicopee

CountyHampden

Neighborhood(s)

Approximate Living Area Total27000

Approximate Lot Size (Acres)0.39

Total Parking0

Garage Parking0

Year Built1905

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

Zoning101

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 16 Grape St, Chicopee MA 01013

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsTenants Personal Belongings.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1.5

Facilitator Compensation0

Compensation Based OnNet Sale Price

Financial Information for 16 Grape St, Chicopee MA 01013

Real Estate Taxes31200

Tax Year2023

Assessed Value$1,784,200

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 16 Grape St, Chicopee MA 01013

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 16 Grape St, Chicopee MA 01013

Agent

Name: David Vilkhovoy

Office

Name: Naples Realty Group

Phone: 413-650-1314

Payment Calculator

, Interest

Property Taxes 2600

Principal & Interest 17868.88

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Naples Realty Group

David Vilkhovoy

Agent Phone

Office Phone

(413) 650-1314

Text Agent Call Agent Call Office

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    [unparsed] => 16 Grape St, Chicopee MA 01013
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EXIT

19 More Photos

Expired

16 Grape St, Chicopee MA 01013

$2,900,000

Annual Expenses for 16 Grape St, Chicopee MA 01013

Annual Income & Unit Breakdown for 16 Grape St, Chicopee MA 01013

General Information for 16 Grape St, Chicopee MA 01013

Disclosures for 16 Grape St, Chicopee MA 01013

Financial Information for 16 Grape St, Chicopee MA 01013

Location Information for 16 Grape St, Chicopee MA 01013

Contact Information for 16 Grape St, Chicopee MA 01013

Agent

Office

Payment Calculator

Exclusive Listing Agent

Naples Realty Group

David Vilkhovoy