MA > Chicopee
Chicopee, MA 01013,89-95 School St
Chicopee, MA 01013,89-95 School St
Chicopee, MA 01013,89-95 School St
Chicopee, MA 01013,89-95 School St
Chicopee, MA 01013,89-95 School St
Chicopee, MA 01013,89-95 School St
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Desiree Taylor

Desiree Taylor

+1(978) 269-7185
$ 1,299,000
Est. payment | /mo

24 Beds

11 Baths

10,000 SqFt

Save
$ 1,299,000
Est. payment | /mo
Save

24 Beds

11 Baths

10,000 SqFt

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.
Desiree Taylor

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(978) 269-7185

dtaylor@desiredhomes.org

PO BOX 263, Salem, Massachusetts, 01970, United States

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89-95 School St