This Multifamily Property is Off-Market.

59 New Ludlow Road
Chicopee, MA 01020 ·

54 Units · Multifamily For Sale

N/A

Print

Partridge Hollow

Price N/A Property Use Type Investment
No. Units 54 Cap Rate 7%
Building Size 58,240 SF No. Stories 2
Property Type Multifamily Year Built 1974
Property Sub-type Garden/Low-Rise Lot Size 2.92 AC
Listing ID: 16772948 Date Created: 07/26/2010 Last Updated: 12/30/2010

Description

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.

Highlights

  • 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.

Research

59 New Ludlow Road, Chicopee, MA 01020 (Hampden County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Chicopee Market Trends - Asking price index trends, sale price trends, asking rent trends

Thomas King's Other Listings

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)