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370 New Ludlow Rd, Chicopee MA 01020

$299,999

Estimated $784.37/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $149,999.50

Total Rent: 7500/year

Estimated CAP Rate: 0.61%

5 Bedrooms

2 Full Baths

2,264 SqFt

Total Parking: 8 (2 Garage)

22,022 SqFt

Don’t miss out on this great opportunity to own an investment property that has had the same owner for over 4 decades! A cozy, 2 unit multi-family house that’s also spacious enough to welcome guests. Each apartment has access to their own washer/dryer units and plenty of storage space. Enjoy a large, quiet backyard with just the right amount of shade for your spring & summer enjoyment. Ample off-street parking. Centrally located to a vast variety of shops and restaurants. Easy access to I-90, public transportation and a quick 10 minute commute to Mt. Holyoke College.

This home has been viewed 27 times

Last Checked: May 7th, 2024 at 5:51am (Source: MLS PIN #73096983)

Gross Income: $7,500

Gross Expenses: $5,675

Net Income Calc: $1,825

CAP Rate: 0.61%

Annual Expenses for 370 New Ludlow Rd, Chicopee MA 01020

Total Gross Expenses (Calculated)$5,675/year

APOD AvailableYes

Heating

Electricity

Water$1,000

Gas$1,000

Insurance$1,100

Sewer$1,000

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,575

Annual Income & Unit Breakdown for 370 New Ludlow Rd, Chicopee MA 01020

Total Gross Income (Calculated)$7,500

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$625

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 370 New Ludlow Rd, Chicopee MA 01020

Listing ID73096983

Property TypeMulti Family

Price$299,999 ($132.51/SqFt)

StyleMulti Family

CityChicopee

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total2,264 SqFt

Approximate Lot Size (Acres)0.51 acres

Total Parking8 (2 Garage)

Garage Parking2 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionBlock,Stone,Brick/Mortar

Accessible Features

Outdoor Space

Zoning7

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 370 New Ludlow Rd, Chicopee MA 01020

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated

Total Gross Expenses By Broker$2,100

Total Gross Income By Broker$15,900

Total Net Income By Broker$13,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 370 New Ludlow Rd, Chicopee MA 01020

Real Estate Taxes$3,575

Tax Year2023

Assessed Value$236,000

Financial Data SourceEstimated

Total Gross Expenses By Broker$2,100

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$15,900

BostonRealEstate.com Gross Income

Total Net Income By Broker$13,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.61%

Location Information for 370 New Ludlow Rd, Chicopee MA 01020

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Shopping, Public Transportation

Contact Information for 370 New Ludlow Rd, Chicopee MA 01020

Agent

Name: Travis Williams

Office

Name: The Covenant Group

Phone: 413-318-4572

Team Members

Name: Robert DeGray

Phone: 413-977-1394

Payment Calculator

, Interest

Property Taxes 297.92

Principal & Interest 1848.5

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

The Covenant Group

Travis Williams

Agent Phone

Office Phone

(413) 318-4572

Text Agent Call Agent Call Office

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EXIT