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1588 N Main St
Palmer, MA 01069
Multifamily Property For Sale
·
47 Units
PROPERTY FACTS
| No. Units | 47 | Building Size | 28,311 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1966 |
| Building Class | B | Parking Ratio | 2.29/1,000 SF |
| Lot Size | 0.97 AC | ||
| Zoning | Residential | ||
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.97 AC |
| Building Size | 28,311 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built | 1966 |
| Parking Ratio | 2.29/1,000 SF |
| Zoning | Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Recycling
- Maintenance on site
ABOUT 1588 N MAIN ST , PALMER, MA 01069
Property consist of a 2 1/2 story brick apartment building with 47 studio apartment units build about 1966. There are double pane & double hung vinyl windows and gable pitched windows. There are 5 on-demand nature gas fired hot water heaters with twin electric storage tanks. Two of the hot water tanks were installed in 2015. Tenants pay heat / lights / cooking, and a/c. Owner provides gas hot water. There is adequate on-site parking. The property is ideally located in Palmer Downtown area and most neighborhood amenities are within walking distance. Because of its location in the downtown area, the property has excellent occupancy level. The average rents is $600 to $625 with new street rent at $650. Because Baystate Wing Hospital is located nearby, there is one unit rented as a Corp. Apartment at $740 per month.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 47 | $625.00 | 325 |
PROPERTY TAXES
| Parcel Number | PALM-000060-000000-000133 | Improvements Assessment | $2,193,700 |
| Land Assessment | $130,100 | Total Assessment | $2,323,800 |
PROPERTY TAXES
