68-74 ESSEX ST & 328-330 MAPLE ST
HOLYOKE, MA 01040 ·
31 Units · Multifamily For Sale
31 UNITS FOR $1,300,000
|Price||N/A||Property Use Type||Vacant/Owner-User|
|No. Units||31||Cap Rate||10.84%|
|Building Size||15,820 SF||Year Built||1910|
|Property Type||Multifamily||Lot Size||0.11 AC|
|Listing ID: 14911342||Date Created: 12/06/2006||Last Updated: 03/13/2007|
This classic brick building consists of 31 units including 4 studios, 16 one bedrooms, 6 two bedrooms, 4 three bedrooms, 1 office and a commercial space currently rented as a church. The City of Holyoke is located by the Connecticut River where the first of several dams was constructed in 1848 to take advantage of a 57-foot drop in the river level. The water power created by the dam was transferred to new industrial sites along 7.5 miles of hand dug canals. At one point, more than 25 paper mills were in operation in Holyoke, annually producing the greatest tonnage of paper of any city in the world.
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