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325 Front St & 30 Canal St, Chicopee MA 01013

$775,000

Estimated $1,807/month Calculator

Multi Family

Total Units: 8

Price Per Unit: $96,875

Total Rent: 40320/year

Estimated CAP Rate:

11 Bedrooms

Baths

8231

Total Parking: 11 (5 Garage)

16,567 (0.38)

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 46 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

Water Views

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

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

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6605.71

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

Total Gross Income (Calculated)$40,320

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

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

Listing ID73053099

Property TypeMulti Family / 5+ Family

Price775000 ($94.16/SqFt)

Style5-9 Family

CityChicopee

CountyHampden

Neighborhood(s)

Approximate Living Area Total8231

Approximate Lot Size (Acres)0.38

Total Parking11 (5 Garage)

Garage Parking5

Year Built1880

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningMixed Use

Water ViewsNo

Water Views Features

Waterfront Features

Terms

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

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSheds

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 Compensation2.5

Facilitator Compensation1

Compensation Based OnNet Sale Price

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

Real Estate Taxes6605.71

Tax Year2022

Assessed Value$388,000

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 325 Front St & 30 Canal St, Chicopee MA 01013

Elementary SchoolBowe

Middle SchoolDupont

High SchoolChicopee High

Neighborhood(s)

Area AmenitiesWalk/jog Trails

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

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

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EXIT

13 More Photos

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