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!
- Basement:
- Full, Dirt Floor, Concrete
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Seller has never lived in the unit., Buyer and Buyer’s Agent to perform their own due diligence. Taxes do not include the residential exemption. The association has completed an engineer’s evaluation of the roof. Trustees expect seeking bids in February for roof replacement and roof deck repairs
- Garage Parking
- Lead Paint:
- Certified Treated
- Market Time:
- 103
- Tax Year:
- 2024
- Status:
- Active
- Price Per Sqft:
- $130
- Zoning:
- Mixed Use
- No Units:
- 11
- Orig Price:
- $1,299,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Chicopee
- State:
- MA
- County:
- Hampden
- Postal Code:
- 01013
- Longitude:
- W73° 23' 22.7''
- Latitude:
- N42° 8' 47.9''
Residential Income
89-95 School St, Chicopee, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,299,000
- Bedrooms :
- 24
- Rooms :
- 45
- Total Bathrooms :
- 11
- Full Bathrooms :
- 11
- Square Footage :
- 10,000 Sqft
- Year Built :
- 1935
- Listing ID :
- 73440475
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com