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$ 1,299,000
Est. payment /mo
Active
89-95 School St Chicopee, MA 01013
24 Beds
11 Baths
10,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $129
MLS Listing ID 73440475
Bedrooms 24
Full Baths 11
Year Built 1935
Annual Tax Amount $11,039
Tax Year 2024
Property Sub-Type 5-9 Family
Property Description
10% Cap Rate! Investment Opportunity! This fully occupied 11-unit mixed-use building offers strong cash flow, long-term stability, and value-add potential! The property features 10 residential units and a ground-level commercial storefront in a prime, high-visibility location. Each unit has separate electric and heating systems, and lead certificates are on file for all residential units. All units are currently rented by long-term tenants, with 9 out of 10 residential units subsidized through Section 8—providing consistent, government-backed rental income. Most tenants are on month-to-month leases, giving a new owner the flexibility to increase rents and boost returns. Professionally managed and well-maintained, this asset is ideal for investors seeking a stabilized building with upside. Whether you're expanding your portfolio or securing your next high-performing asset, this property checks all the boxes!
Location
State MA
County Hampden
Zoning Mixed Use
Direction Located at the corner of School & Dwight St.
Rooms
Basement Full, Dirt Floor, Concrete
Exterior
Community Features Public Transportation, Shopping, Park, Highway Access, Public School
Garage No
Building
Lot Description Corner Lot
Story 4
Foundation Concrete Perimeter, Block, Other
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Lock and Key Realty Inc.