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You are here:
Home Massachusetts Chicopee Multi-Family Homes for Sale

828 Chicopee St Chicopee, MA 01013

Contingent
15 Photos
$990,000
8 Unit
23 Beds
8 Baths
10128 SQFT
0.11 Acre
828 Chicopee St
Chicopee, MA 01013

Property Description

Investors take notice of this income producing 8 Unit apartment building!! There are (7) 3 bedroom units and (1) 2 bedroom unit. The tenants pay their own electric baseboard heat and electric hot water, and have one parking space each in the rear of the building which is accessed through a right of way off the adjacent side street. The building is currently professionally managed and maintained. There is one vacant 3 bedroom unit that is easy to show. The new owner is required to assume the MRVP Rental Voucher Program with Wayfinders which requires 5 of the 8 units to be rented through this program. The approved rents for these units is $1,669 as of 05/01/2024. The current owner is doing a 1031 exchange with the proceeds, and the buyers cooperation is required.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 8
  • Total Floors: 5
  • Total Bedrooms: 23
  • Total Full Baths: 8
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Private School, Public School, Public Transportation, Shopping, Swimming Pool
  • Basement Features: Full, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Range, Refrigerator
  • Common Heating: Electric, Forced Air, Space Heater

Financial

  • APOD Available: Yes
  • Gross Operating Income: 136800
  • Gross Expenses: 47577
  • Electric Expenses: 975
  • Water/Sewer: 4520
  • INSC: 8275
  • Repairs & Maintenance: 12757
  • RFS: 3547
  • Management Fee: 7395
  • Net Operating Income: 89223

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Levels: 1

Construction

  • Year Built: 1912
  • Type: 5-9 Family
  • Construction Type: Brick
  • Foundation Info: Brick
  • Roof Material: Rubber
  • Flooring Type: Laminate
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73228648
  • Last Updated: 05/02/24
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
05/02/2024Contingent$990,000$98MLSPIN
04/29/2024Active$990,000$98MLSPIN
04/25/2024New$990,000$98MLSPIN

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Map & Resources

Seller's Representative: Jeffrey Brochu, Brochu Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 1
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-05-02 17:52:00