Springdale Apartments 3 Properties Offered at $3,000,000 in Holyoke, MA



INVESTMENT HIGHLIGHTS
- Convenient Location
- Brick Buildings
- Property Highlights
- Transit Oriented Location
- Value-Add Potential
- Area Employers + Student Living
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Springdale Apartments, a thirty-one (31) unit multifamily property located in Holyoke Massachusetts (the “Property” or “Properties”). The Springdale Apartments are located in the heart in Holyoke’s Springdale neighborhood approximately 1.5-miles from Downtown Holyoke. The Springdale Apartments offer convenient access to the area’s primary roadways, public transportation, numerous retail amenities and area schools. The Springdale Apartments consist of thirty-one (31) units spread over three adjacent buildings made up of two (2) commercial units, six (6), 3-Bedroom/1-Bathroom units, twenty-two (22), 2-Bedroom/1-Bathroom units, and one (1), 1-Bedroom/1-Bathroom unit with 31,140 square feet of living area in 38,236 square feet of total gross area on a combined 0.46-acres of land. The units are separately metered for electric and gas fired heat and hot water, which the tenants pay directly. The Property also has a parking lot at the rear of the buildings for residents. The Springdale Apartments offers the rare opportunity to acquire a critical mass of well-located multi-family units in a supply-constrained rental market that offers income growth, strong investment returns, and significant upside in rents.
PROPERTY FACTS
Price | $3,000,000 |
Price / SF | $81.20 / SF |
Cap Rate | 9.18% |
Sale Type | Investment |
Status | Active |
Number of Properties | 3 |
Individually For Sale | 0 |
Total Building Size | 36,946 SF |
Total Land Area | 0.35 AC |
PROPERTIES
PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
---|---|---|---|---|
845-851 Main St, Holyoke, MA 01040 | Multifamily | 21,660 SF | 1910 | - |
853-855 Main St, Holyoke, MA 01040 | Retail | 14,286 SF | 1910 | - |
45 Vernon St, Holyoke, MA 01040 | Multifamily | 1,000 SF | 1900 | - |