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59 New Ludlow Road, Chicopee, MA 01020
54 Units | Multifamily
Multifamily Property - Off Market
- No. Units:
- Building Size:
- 58,240 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- Cap Rate:
- No. Stories:
- Year Built:
- Lot Size:
- 2.92 AC
- Listing ID
- Last Updated
- over 1 year ago
- On-site parking for 90+/- cars.
- All roofs were replaced in +/- 2009.
- In 2005 replaced gas hot water heating system with enery efficient heaters.
- All new laundry room in 2010 with six washer/dryers that are owned by complex.
- Apartments considered to be in excellent condition w/8 newly remodeled kitchens.
The property consists of five multi-family apartment buildings containing 54 units with about 58,240/sf of living space. There 5 1-br units (763/sf) and 49 2-br units (875/sf). The buildings were built about 1974 and are wood framed with brick veneer on lower 1 1/2 exterior and asphalt mansard on the upper section. All the bldgs are 2 1/2 stories. Property can be purchased with Mason Manor, a 48 unit complex located about 1/2 mile from this property.
Modern applances include self-cleaning stoves, frost-free refrigerators, dishwashers, garbage disposals, ceiling fans, a/c, mini blinds, circuit breaker panel in each unit, hard wired smoke detectors in each unit and hallways, intercom buzzer security doors. New 2010 laundry room with all new equipment. Owner pays gas hot water. Tenants pay all own utilities, i.e., heat, electric, a/c and cooking.
Site is located about 1/4 mile off of Memorial Drive (Route 33) which connects to I-90 about 3 miles south which connects to I-91. Access to the site is excellent.. The site is serviced by public water and sewer, natural gas, electric and cable.
Map of 59 New Ludlow Road, Chicopee, MA 01020 (Hampden County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO