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541 Front St 6 Unit Apartment Building $720,000 ($120,000/Unit) 7.78% Cap Rate Chicopee, MA 01013
Investment Highlights
- Access & Connectivity
- Capital Improvements
- Strong Rental Demographics & Demand
- Area Amenities & Demand Drivers
- Off-Street Parking & Amenities
- Quality of Life Amenities
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 541-543 Front Street in Chicopee, MA (the “Property”). The three-story building contains six (6) 1-Bedroom/1-Bathroom units with 4,227 square feet of gross living area in 6,436 square feet of gross area. The Property is situated upon a 0.11- acre parcel and features six (6) off-street parking spaces, as well as laundry machines in the basement for tenant use.
541-543 Front Street is well-positioned along Front Street in Chicopee, offering convenient access to the city's downtown district, established residential neighborhoods, and major commercial corridors. The Property benefits from excellent regional connectivity via nearby Memorial Drive (Route 33), Interstate 391, the Massachusetts Turnpike (I-90), and Interstate 91, providing efficient access throughout the Pioneer Valley, including Springfield, Holyoke, and the broader Western Massachusetts region.
541-543 Front Street is well-positioned along Front Street in Chicopee, offering convenient access to the city's downtown district, established residential neighborhoods, and major commercial corridors. The Property benefits from excellent regional connectivity via nearby Memorial Drive (Route 33), Interstate 391, the Massachusetts Turnpike (I-90), and Interstate 91, providing efficient access throughout the Pioneer Valley, including Springfield, Holyoke, and the broader Western Massachusetts region.
Property Facts
| Price | $720,000 | Building Class | C |
| Price Per Unit | $120,000 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 6,436 SF |
| Cap Rate | 7.78% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1885 |
| Property Type | Multifamily | Parking Ratio | 0.93/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $720,000 |
| Price Per Unit | $120,000 |
| Sale Type | Investment |
| Cap Rate | 7.78% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 6,436 SF |
| No. Stories | 3 |
| Year Built | 1885 |
| Parking Ratio | 0.93/1,000 SF |
| Opportunity Zone |
Yes |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | CHIC-000080-000000-000012 | Improvements Assessment | $323,700 |
| Land Assessment | $53,400 | Total Assessment | $377,100 |
Property Taxes
Parcel Number
CHIC-000080-000000-000012
Land Assessment
$53,400
Improvements Assessment
$323,700
Total Assessment
$377,100
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541 Front St