Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Closed

325 Front St & 30 Canal St, Chicopee MA 01013

$775,000

Estimated $1,807.14/month Calculator

Multi Family

Total Units: 8

Price Per Unit: $96,875

Total Rent: 40320/year

Estimated CAP Rate: 2.67%

11 Bedrooms

7 Full, 1 Half Baths

8,231 SqFt

Total Parking: 11 (5 Garage)

16,567 SqFt

ATTENTION INVESTORS - GREAT opportunity to purchase 2 investment properties in the Heart of Downtown Chicopee totaling 8 units. The addresses of the properties are 325 Front Street (4 units) and 30 Canal Street (4 units). ALL units are currently occupied, all tenancies are month-to-month and most tenants will transfer. 325 Front Street is a 4 unit mixed-use property consisting of 1 commercial storefront with a longterm tenant and 3 apartments (2 - 2bedroom units and 1 - 3 bedroom unit). 30 Canal Street is a 4 unit building consisting of 3 - 1 bedroom units and 1 - 2 bedroom unit. Property is clean & well maintained. Replacement windows throughout most units. Tenants pay own utilities. Same owners for decades. Buildings, garages and appliances that transfer being sold in "As Is" condition.

This home has been viewed 29 times

Last Checked: May 7th, 2024 at 4:11am (Source: MLS PIN #73053099)

Gross Income: $40,320

Gross Expenses: $19,598

Net Income Calc: $20,722

CAP Rate: 2.67%

Annual Expenses for 325 Front St & 30 Canal St, Chicopee MA 01013

Total Gross Expenses (Calculated)$19,598/year

APOD AvailableYes

Heating

Electricity$930

Water$3,397

Gas$3,397

Insurance$8,146

Sewer$3,397

Trash Removal$520

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,605.71

Annual Income & Unit Breakdown for 325 Front St & 30 Canal St, Chicopee MA 01013

Total Gross Income (Calculated)$40,320

Unit 1

Rental Income$980

LeaseN

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 2

Rental Income$425

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 3

Rental Income$1,075

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 4

Rental Income$880

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

General Information for 325 Front St & 30 Canal St, Chicopee MA 01013

Listing ID73053099

Property TypeMulti Family / 5+ Family

Price$775,000 ($94.16/SqFt)

Style5-9 Family

CityChicopee

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total8,231 SqFt

Approximate Lot Size (Acres)0.38 acres

Total Parking11 (5 Garage)

Garage Parking5 / Detached

Year Built1880

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Corner Lot

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningMixed Use

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesVaries per Unit

Terms

Disclosures for 325 Front St & 30 Canal St, Chicopee MA 01013

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureCanal Street has 2,768 sq. ft. of living space, Lo

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$12,993

Total Gross Income By Broker$80,460

Total Net Income By Broker$67,467

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 325 Front St & 30 Canal St, Chicopee MA 01013

Real Estate Taxes$6,605.71

Tax Year2022

Assessed Value$388,000

Financial Data SourceOwner

Total Gross Expenses By Broker$12,993

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$80,460

BostonRealEstate.com Gross Income

Total Net Income By Broker$67,467

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.67%

Location Information for 325 Front St & 30 Canal St, Chicopee MA 01013

Elementary SchoolBowe

Middle SchoolDupont

High SchoolChicopee High

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, Tennis Court(s), Private School, University

Contact Information for 325 Front St & 30 Canal St, Chicopee MA 01013

Agent

Name: Leslie Brunelle

Office

Name: NRG Real Estate Services, Inc.

Phone: 413-567-2100

Payment Calculator

, Interest

Property Taxes 550.48

Principal & Interest 4775.3

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

NRG Real Estate Services, Inc.

Leslie Brunelle

Agent Phone

Office Phone

(413) 567-2100

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.38 acres (16,567 SqFt)
    [add_date] => 2024-05-07 04:11:19
    [address] => Front St & 30 Canal St
    [agent] => Array
        (
            [address] => 220 Beauchamp Terrace
            [city] => Chicopee
            [id] => CT006383
            [name] => Leslie Brunelle
            [national_association] => 452503828
            [office] => M95357
            [state] => MA
            [zip] => 01020
        )

[apod_available] => Array
        (
            [0] => Yes
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 8,231 SqFt
    [approx_lot_size_acres] => 0.38 acres
    [approx_lot_size_sqft] => 16,567 SqFt
    [assessed_value] => $388,000
    [association] => No
    [association_fee] => Array
        (
            [0] => $0
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => Yes
    [basement] => Array
        (
        )

[bathrooms] => 7 Full, 1 Half
    [bedrooms] => 11
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Public Records
        )

[building_management] => Array
        (
        )

[building_debug] => 325 Front St & 30 Canal St Chicopee
    [building_id] => 
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 2.5
    [buyer_agent_id] => CN243674
    [buyer_office_id] => K95491
    [c_style] => Array
        (
            [0] => 5+ Family
        )

[c_type] => Multi Family
    [cap_rate] => 2.67%
    [city] => Chicopee
    [community_features] => Array
        (
            [0] => Highway Access
            [1] => Public School
            [2] => Shopping
            [3] => Park
            [4] => Medical Facility
            [5] => Laundromat
            [6] => Bike Path
            [7] => Public Transportation
            [8] => Tennis Court(s)
            [9] => Private School
            [10] => University
        )

[compensation_based_on] => Array
        (
            [0] => Net Sale Price
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
            [0] => Frame
        )

[construction_status] => 
    [cooling] => No
    [cooperating_agent_commission] => Array
        (
        )

[county] => Hampden
    [cultivation_acres] => None
    [date_available_note] => 
    [deposit_amount] => Array
        (
            [0] => $0
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => ATTENTION INVESTORS - GREAT opportunity to purchase 2 investment properties in the Heart of Downtown Chicopee totaling 8 units. The addresses of the properties are 325 Front Street (4 units) and 30 Canal Street (4 units). ALL units are currently occupied, all tenancies are month-to-month and most tenants will transfer.  325 Front Street is a 4 unit mixed-use property consisting of 1 commercial storefront with a longterm tenant and 3 apartments (2 - 2bedroom units and 1 - 3 bedroom unit).  30 Canal Street is a 4 unit building consisting of 3 - 1 bedroom units and 1 - 2 bedroom unit. Property is clean & well maintained. Replacement windows throughout most units. Tenants pay own utilities. Same owners for decades. Buildings, garages and appliances that transfer being sold in "As Is" condition.
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
        )

[electric_expense] => Array
        (
            [0] => $930
        )

[elementary_school] => Bowe
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => Array
        (
            [0] => Varies per Unit
        )

[entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 1
    [fee_paid_by_tennant] => Contact Agent
    [financial_data_source] => Array
        (
            [0] => Owner
        )

[fireplaces] => Array
        (
            [0] => 0
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
        )

[for_sale_by_owner] => No
    [foundation_area] => 
    [foundation_materials] => Array
        (
            [0] => Brick/Mortar
        )

[frontage_length] => 
    [full_baths] => 7
    [garage_parking] => 5 / Detached
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
            [0] => $3,397
        )

[gross_income] => Array
        (
            [0] => $80,460
        )

[half_baths] => 1
    [handicap_access] => No
    [heating] => Yes
    [heating_expense] => Array
        (
            [0] => $0
        )

[high_school] => Chicopee High
    [horse_features] => Array
        (
        )

[horse_permitted] => No
    [hot_water] => Array
        (
        )

[id] => 336241
    [insurance_expense] => Array
        (
            [0] => $8,146
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2024-05-07 04:11:19
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => 
    [levels_in_unit] => 1
    [living_area] => 8,231 Sq. Ft.
    [living_area_disclosure] => Array
        (
            [0] => Canal Street has 2,768 sq. ft. of living space, Lo
        )

[living_area_includes_basement] => Array
        (
            [0] => No
        )

[lot_features] => Array
        (
            [0] => Level
            [1] => Corner Lot
        )

[management_expense] => Array
        (
            [0] => $0
        )

[middle_school] => Dupont
    [miscellaneuos_expense] => Array
        (
            [0] => $0
        )

[mls_area] => 
    [mls_id] => 73053099
    [neighborhoods] => Array
        (
        )

[net_income_calc] => 20722
    [net_operating_income] => Array
        (
            [0] => $67,467
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 8
    [office] => Array
        (
            [id] => M95357
            [name] => NRG Real Estate Services, Inc.
            [phone] => 413-567-2100
        )

[operating_expense] => Array
        (
            [0] => $12,993
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
        )

[pasture_area] => None
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [pet_policy] => Array
        (
        )

[phone] => 413-530-5741
    [pool_features] => Array
        (
        )

[price] => $775,000
    [price_per_sqft] => 94.16
    [price_per_unit] => 96875
    [private_pool] => No
    [property_sub_type] => Array
        (
            [0] => 5-9 Family
        )

[real_estate_tax] => $6,605.71
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
            [0] => Unit 1(water)
            [1] => Unit 2(water)
            [2] => Unit 3(water)
            [3] => Unit 4(water)
        )

[repair_maintenance_expense] => Array
        (
            [0] => $0
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
        )

[rooms] => 28
    [senior_community] => No
    [sewer] => Array
        (
        )

[sewer_expense] => Array
        (
            [0] => $3,397
        )

[short_sale] => 
    [special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Closed
        )

[street_number] => 325
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 1
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 
    [tax_year] => 2022
    [team] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => None
    [title_5] => 
    [total_gross_expense] => 19598
    [total_gross_income] => 40320
    [total_parking] => 11 (5 Garage)
    [trash_expense] => Array
        (
            [0] => $520
        )

[uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Half
    [unit_1_bedrooms] => 0
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => N
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
        (
            [0] => 980
        )

[unit_2_bathrooms] => 1 Full
    [unit_2_bedrooms] => 2
    [unit_2_floor] => 1
    [unit_2_lease] => Array
        (
            [0] => N
        )

[unit_2_levels] => 1
    [unit_2_rent] => Array
        (
            [0] => 425
        )

[unit_3_bathrooms] => 1 Full
    [unit_3_bedrooms] => 2
    [unit_3_floor] => 2
    [unit_3_lease] => Array
        (
            [0] => N
        )

[unit_3_levels] => 1
    [unit_3_rent] => Array
        (
            [0] => 1075
        )

[unit_4_bathrooms] => 1 Full
    [unit_4_bedrooms] => 3
    [unit_4_floor] => 2
    [unit_4_lease] => Array
        (
            [0] => N
        )

[unit_4_levels] => 1
    [unit_4_rent] => Array
        (
            [0] => 880
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => Array
        (
            [0] => 325 Front St & 30 Canal St, Chicopee MA 01013
        )

[utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
        )

[water_expense] => Array
        (
            [0] => $3,397
        )

[water_views] => Array
        (
            [0] => No
        )

[water_views_features] => Array
        (
        )

[waterfront] => No
    [waterfront_features] => Array
        (
        )

[year_built] => 1880
    [year_built_details] => Approximate
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 01013
    [zoning] => Mixed Use
    [zoning_details] => 
    [media] => Array
        (
            [0] => Array
                (
                    [id] => 7195649
                    [name] => MLS1.jpg
                    [type] => gallery
                    [category] => image
                    [url] => https://www.bostonrealestate.com/wp-content/uploads/WPL/336241/MLS1.jpg
                    [index] => 1
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:21
                    [modified] => 2024-05-07 04:11:21
                )

[1] => Array
                (
                    [id] => 7196229
                    [name] => MLS2.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053099&w=1024&h=768&n=2
                    [index] => 2
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[2] => Array
                (
                    [id] => 7196230
                    [name] => MLS3.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053099&w=1024&h=768&n=3
                    [index] => 3
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[3] => Array
                (
                    [id] => 7196231
                    [name] => MLS4.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053099&w=1024&h=768&n=4
                    [index] => 4
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[4] => Array
                (
                    [id] => 7196232
                    [name] => MLS5.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053099&w=1024&h=768&n=5
                    [index] => 5
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[5] => Array
                (
                    [id] => 7196233
                    [name] => MLS6.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053099&w=1024&h=768&n=6
                    [index] => 6
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[6] => Array
                (
                    [id] => 7196234
                    [name] => MLS7.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053099&w=1024&h=768&n=7
                    [index] => 7
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[7] => Array
                (
                    [id] => 7196235
                    [name] => MLS8.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053099&w=1024&h=768&n=8
                    [index] => 8
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[8] => Array
                (
                    [id] => 7196236
                    [name] => MLS9.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053099&w=1024&h=768&n=9
                    [index] => 9
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[9] => Array
                (
                    [id] => 7196237
                    [name] => MLS10.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053099&w=1024&h=768&n=10
                    [index] => 10
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[10] => Array
                (
                    [id] => 7196238
                    [name] => MLS11.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053099&w=1024&h=768&n=11
                    [index] => 11
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[11] => Array
                (
                    [id] => 7196239
                    [name] => MLS12.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053099&w=1024&h=768&n=12
                    [index] => 12
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[12] => Array
                (
                    [id] => 7196240
                    [name] => MLS13.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053099&w=1024&h=768&n=13
                    [index] => 13
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[13] => Array
                (
                    [id] => 7196241
                    [name] => MLS14.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053099&w=1024&h=768&n=14
                    [index] => 14
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[14] => Array
                (
                    [id] => 7196242
                    [name] => MLS15.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053099&w=1024&h=768&n=15
                    [index] => 15
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

[15] => Array
                (
                    [id] => 7196243
                    [name] => MLS16.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053099&w=1024&h=768&n=16
                    [index] => 16
                    [enabled] => 1
                    [created] => 2024-05-07 04:11:25
                    [modified] => 2024-05-07 04:11:25
                )

)

)

EXIT

Closed

325 Front St & 30 Canal St, Chicopee MA 01013

$775,000

Annual Expenses for 325 Front St & 30 Canal St, Chicopee MA 01013

Annual Income & Unit Breakdown for 325 Front St & 30 Canal St, Chicopee MA 01013

General Information for 325 Front St & 30 Canal St, Chicopee MA 01013

Disclosures for 325 Front St & 30 Canal St, Chicopee MA 01013

Financial Information for 325 Front St & 30 Canal St, Chicopee MA 01013

Location Information for 325 Front St & 30 Canal St, Chicopee MA 01013

Contact Information for 325 Front St & 30 Canal St, Chicopee MA 01013

Agent

Office

Payment Calculator

Exclusive Listing Agent

NRG Real Estate Services, Inc.

Leslie Brunelle