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32-34 Joy Street 32-34 Joy St 8 Unit Apartment Building $995,000 ($124,375/Unit) 9.23% Cap Rate Ludlow, MA 01056
Investment Highlights
- Area Amenities & Demand Drivers
- Separately Metered Utilities
- Strong Rental Demographics & Demand
- Nearby Higher Education
- Off-Street Parking
- Quality of Life Amenities
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 32-34 Joy Street in Ludlow, MA (the “Property”). The multi-story building contains eight (8) 2-Bedroom/1-Bathroom units with 5,530 square feet of gross living area in 8,382 square feet of gross area. The Property is situated upon a 0.25-acre parcel and features eight (8) off-street parking spaces.
32-34 Joy Street is well-positioned in a convenient residential neighborhood of Ludlow, offering easy access to the town center, local shopping, and surrounding residential communities. The property benefits from excellent connectivity to major regional roadways including Center Street (Route 21), Route 141, and the Massachusetts Turnpike (Interstate 90), providing efficient access to Springfield, Chicopee, and the broader Pioneer Valley.
32-34 Joy Street is well-positioned in a convenient residential neighborhood of Ludlow, offering easy access to the town center, local shopping, and surrounding residential communities. The property benefits from excellent connectivity to major regional roadways including Center Street (Route 21), Route 141, and the Massachusetts Turnpike (Interstate 90), providing efficient access to Springfield, Chicopee, and the broader Pioneer Valley.
Property Facts
| Price | $995,000 | Building Class | C |
| Price Per Unit | $124,375 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 8,382 SF |
| Cap Rate | 9.23% | No. Stories | 2 |
| No. Units | 8 | Year Built | 1900 |
| Property Type | Multifamily | Parking Ratio | 0.95/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $995,000 |
| Price Per Unit | $124,375 |
| Sale Type | Investment |
| Cap Rate | 9.23% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 8,382 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 0.95/1,000 SF |
| Opportunity Zone |
Yes |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | LUDL-120795-000000-D000077 | Improvements Assessment | $345,200 |
| Land Assessment | $141,600 | Total Assessment | $486,800 |
Property Taxes
Parcel Number
LUDL-120795-000000-D000077
Land Assessment
$141,600
Improvements Assessment
$345,200
Total Assessment
$486,800
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