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$ 475,000
Est. payment /mo
Price Dropped by $40K
119 Grape St Chicopee, MA 01013
6 Beds
5 Baths
2,603 SqFt
UPDATED:
01/29/2025 03:42 PM
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Side by Side
Listing Status Active
Purchase Type For Sale
Square Footage 2,603 sqft
Price per Sqft $182
MLS Listing ID 73324419
Bedrooms 6
Full Baths 5
Year Built 1905
Annual Tax Amount $4,458
Tax Year 2024
Lot Size 0.380 Acres
Acres 0.38
Property Description
Exceptional 5-unit Investment Opportunity with Upside Potential. Nestled in a quiet and desirable neighborhood, this well-maintained 5-family rental property has been in the same family for over 30 years and is professionally managed for seamless operation. The property features a versatile mix of units, with the current owner covering hot water & electricity for some units. However, the property is already equipped with separate electric meters, offering flexibility for a future owner to reduce operating costs by shifting responsibility for electric bills to tenants. Additional highlights include off-street parking for tenant convenience and a location that balances tranquility with accessibility, just minutes from major highways. With below-market rents, this property offers excellent upside potential for increased cash flow.Whether you're a seasoned investor or looking for your first multi-family property, this is a rare opportunity to acquire a professionally managed asset.
Location
State MA
County Hampden
Zoning 1
Direction Off Springfield Street.
Interior
Interior Features Living Room, Kitchen, Living RM/Dining RM Combo
Heating Oil, Electric
Exterior
Community Features Public Transportation, Shopping, Highway Access, Public School
Roof Type Shingle
Total Parking Spaces 10
Garage No
Building
Story 5
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by M B C REALTORS®