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2053 Memorial Dr
Chicopee, MA 01020
Court View Commons · Multifamily Property For Sale
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24 Units
Investment Highlights
- Strong Demand Profile – One-bedroom units demonstrate consistent absorption and sustained demand within the local rental market.
- Regional Connectivity – Convenient access to major transportation corridors, including I-91, I-391, and the Massachusetts Turnpike (I-90).
- Attractive Residential Location – Situated approximately 0.25 miles from the South Hadley/Chicopee town line within a primarily residential setting.
- Value-Add Potential – In-place rents are approximately 25% ($282 per unit) below demonstrated market comparables, providing upside through rent growth
- High Barriers to Entry – The market is characterized by limited new supply and minimal recent multifamily development, constraining competitive invent
- Portfolio Acquisition Opportunity – Court View Commons may be acquired individually or as part of a portfolio transaction alongside Alden Edge
Property Facts
| No. Units | 24 | Lot Size | 1.24 AC |
| Property Type | Multifamily | Building Size | 13,200 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1985 |
| Building Class | C | Parking Ratio | 3.03/1,000 SF |
| Zoning | 111 - Multi-Family Dwellings | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.24 AC |
| Building Size | 13,200 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 3.03/1,000 SF |
| Zoning | 111 - Multi-Family Dwellings |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Refrigerator
- Oven
- Range
- Intercom
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Security System
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Property Taxes
| Parcel Number | CHIC-000776-000000-000013 | Improvements Assessment | $1,813,700 |
| Land Assessment | $240,000 | Total Assessment | $2,053,700 |
Property Taxes
Parcel Number
CHIC-000776-000000-000013
Land Assessment
$240,000
Improvements Assessment
$1,813,700
Total Assessment
$2,053,700
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