Sold
Last Sold Price
11 beds8,231 sqft
325 Front St, Chicopee, MA 01013
Multi FamilyProperty Type
0.38 acresLot Size
1880Year Built
$86/sq ftPrice per sq ft
6 carsParking Spaces

Description

ATTENTION INVESTORS - GREAT opportunity to purchase 2 investment properties in the Heart of Downtown Chicopee totaling 8 units. The addresses of the properties are 325 Front Street (4 units) and 30 Canal Street (4 units). ALL units are currently occupied, all tenancies are month-to-month and most tenants will transfer. 325 Front Street is a 4 unit mixed-use property consisting of 1 commercial storefront with a longterm tenant and 3 apartments (2 - 2bedroom units and 1 - 3 bedroom unit). 30 Canal...ATTENTION INVESTORS - GREAT opportunity to purchase 2 investment properties in the Heart of Downtown Chicopee totaling 8 units. The addresses of the properties are 325 Front Street (4 units) and 30 Canal Street (4 units). ALL units are currently occupied, all tenancies are month-to-month and most tenants will transfer. 325 Front Street is a 4 unit mixed-use property consisting of 1 commercial storefront with a longterm tenant and 3 apartments (2 - 2bedroom units and 1 - 3 bedroom unit). 30 Canal Street is a 4 unit building consisting of 3 - 1 bedroom units and 1 - 2 bedroom unit. Property is clean & well maintained. Replacement windows throughout most units. Tenants pay own utilities. Same owners for decades. Buildings, garages and appliances that transfer being sold in "As Is" condition.
  • Listed by: Leslie Brunelle • NRG Real Estate Services, Inc.
Listing closed: 04/28/2023 12:00 AM • Source: MLS PIN, MLS#: 73053099

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Location

Listing Courtesy of NRG Real Estate Services, Inc., Leslie Brunelle

Sold By Keller Williams Realty Greater Worcester, Pankaj Gupta

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Payment Calculator

$4,331 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,780

Property Taxes

$551

HOA Dues

$0

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Property Information for 325 Front Street

Property Details
  • Taxes: $6,606 / year
  • MLS Type: Multi-family / 5-9 Family
  • Town: Chicopee
  • Area: MA-Chicopee
  • Garage Spaces: 5
  • Parking Spaces Total: 6
Building Information
  • Stories: 7
  • Residences: 8
  • Year Built: 1880
  • Lot Size: 0.38 AC / 16,567 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Tennis Court, Park, Medical Facility, Laundromat, Bike Path, Highway Access, Private School, Public School, University
  • Current Financing: Other
  • Living Area: 8231.0
  • Color: White Grrn
  • SqFt with Basement: No
  • Total Units: 8
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Location/School
  • Grade School: Bowe
  • High School: Chicopee High
  • Middle School: Dupont
Features
Interior Features
  • Appliances: Gas Water Heater, Electric Water Heater, Tank Water Heater, Water Heater(Varies Per Unit), Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Gas Oven, Utility Connections for Electric Oven, Utility Connections for Gas Dryer, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
  • Basement Features: Full, Unfinished Basement
  • Num of Baths: 8.0
  • Num of Full Baths: 7
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 7.50
  • Bathrooms Total Integer: 8
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Vinyl, Varies Per Unit, Laminate, Hardwood
  • Interior Features: Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Unit 4 Rooms(Living Room
  • Laundry Features: Washer Hookup
Exterior Features
  • Construction: Frame
  • Exterior Features: Varies per Unit
  • Exterior Features: Fenced Yard, Porch
  • Fencing: Fenced/Enclosed, Fenced
  • Lot Description: Corner Lot, Level
  • Patio And Porch Features: Porch
  • Roof Material: Shingle, Rubber
Parking Features
  • Covered Spaces: 5.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street, On Street Permit, Assigned
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, On Street Permit, Assigned
  • Parking Features: Off-Street, On Street Permit, Assigned
Utilities
  • Cooling: Unit 1(None)
  • Cooling: No
  • Electric: Circuit Breakers, Individually Metered, Varies per Unit
  • Green Energy Efficient: Varies per Unit
  • Heating: Unit 1(Electric Baseboard), Unit 2(Electric Baseboard), Unit 3(Electric Baseboard), Unit 4(Electric Baseboard)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Gas Dryer, for Electric Dryer, Washer Hookup, Varies per Unit
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Disclosures: Sellers have not lived in the property for many years. Both properties being sold together as PACKAGE ONLY. Buildings & garages being sold in "as is" condition. 3 car garage on Canal Street property,but doors open on Front St. property. No stairs to basement in that garage. Tax bills are separate.
Tax Information
  • Tax ID: M:0097 P:00040
  • Assessments: $388,000
  • Book: 17231
  • Tax Year: 2022
  • Zoning: Mixed Use
Building / Association Information
Living Characteristics
  • Beds Total: 11
  • Total Living Levels: 7
Other Building Characteristics
  • Foundation: Brick/Mortar
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 8
  • Heat Zones: 8
Income / Expenses
  • Electricity: $930.00
  • Annual Expenses Source: Owner
  • GOI: $80,460.00
  • Insurance: $8,146.00
  • GRE: $12,993
  • MGF: $0
  • RFS: $520
  • NOI: $67,467.00
  • Operating Expense: $12,993.00
  • WSE: $3,397.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $6,705.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 1

Property History for 325 Front Street

DateEvent & SourcePriceAppreciation
Apr 28, 2023

Sold

MLS PIN #73053099

$708,150—
Mar 1, 2023

Under Agreement

MLS PIN #73053099

—
Feb 3, 2023

Contingent

MLS PIN #73053099

—
DateEvent & SourcePrice
04/28/2023

Sold

MLS PIN #73053099

$708,150
03/01/2023

Under Agreement

MLS PIN #73053099

—
02/03/2023

Contingent

MLS PIN #73053099

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 325 Front Street

Taxable ValueLand$70,800Additions$163,500Total$234,300
Home Facts
Total Finished SqFt5,463 SqFtAbove Grade Finished SqFt5,463 SqFtUnfinished Basement SqFt3,132 SqFtStories2Lot Size10,800 SqFtStyleOffice BuildingYear Built1880Zoning1CountyHAMPDENAPNCHIC M:0097 P:00040

Schools near 325 Front Street

This home is within Chicopee School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Bowe
PublicK to 5

Fairview Middle School
Public6 to 8

Chicopee High School
Public9 to 12

Chicopee Academy
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of NRG Real Estate Services, Inc., Leslie Brunelle

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.