828 Chicopee Street

Chicopee, MA 01013

$990,000
Price
23
Beds
8
Baths
10,128 Sq. Ft.
$98 / Sq. Ft.
10,128
Sq. Ft.
$98
per Sq. Ft.

Description

Investors take notice of this income producing 8 Unit apartment building! There are (7) 3 bedroom units and (1) 2 bedroom unit. The tenants pay their own electric baseboard heat and electric hot water, and have one parking space each in the rear of the building which is accessed through a right of way off the adjacent side street. The building is currently professionally managed and maintained. There is one vacant 3 bedroom unit that is easy to show. The new owner is required to assume the MRVP Rental...Investors take notice of this income producing 8 Unit apartment building! There are (7) 3 bedroom units and (1) 2 bedroom unit. The tenants pay their own electric baseboard heat and electric hot water, and have one parking space each in the rear of the building which is accessed through a right of way off the adjacent side street. The building is currently professionally managed and maintained. There is one vacant 3 bedroom unit that is easy to show. The new owner is required to assume the MRVP Rental Voucher Program with Wayfinders which requires 5 of the 8 units to be rented through this program. The approved rents for these units is $1,669 as of 05/01/2024. The current owner is doing a 1031 exchange with the proceeds, and the buyers cooperation is required.
  1. Listed by Jeffrey Brochu • Brochu Real Estate

Property Details for 828 Chicopee Street

Town
Chicopee
Area
MA-Chicopee
Garage Spaces
0
Parking Spaces
8.00
Parking Spaces Total
8

Location

Listing Courtesy of Brochu Real Estate, Jeffrey Brochu
Add your commute
LISTING UPDATED: 05/02/2024 05:54 PM

Property Details for 828 Chicopee Street

StatusContingent
MLS #73228648
Days on Market7
Taxes$10,108 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1912
CountyHampden County

Location

Listing Courtesy of Brochu Real Estate, Jeffrey Brochu
Add your commute

Building Information for 828 Chicopee Street

Stories5Residences8Year Built1912Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$6,245 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,403

Property Taxes

$842

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 828 Chicopee Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School
  • Living Area: 10128.0
  • SqFt with Basement: No
  • Total Units: 8
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Fairview
  • High School: Chicopee Comp
  • Middle School: Bellamy
Features
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Features: Full, Unfinished Basement
  • Num of Baths: 8.0
  • Num of Full Baths: 8
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 8.00
  • Bathrooms Total Integer: 8
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Laminate
  • Interior Features: Living Room, Kitchen
  • SpaYN: No
Exterior Features
  • Construction: Brick
  • Lot Description: Easements
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: Circuit Breakers
  • Heating: Electric
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Owner is doing a 1031 exchange with the proceeds and the buyers cooperation is required.
Tax Information
  • Listing Terms: Contract
  • Tax ID: 2510309
  • Assessments: $684,800
  • Book: 23824
  • Tax Year: 2024
  • Zoning: 111C
Building / Association Information
Living Characteristics
  • Beds Total: 23
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Brick/Mortar
Income / Expenses
  • Electricity: $975.00
  • GOI: $136,800.00
  • Gross Scheduled Income: $.00
  • Insurance: $8,275.00
  • GRE: $47,577
  • HTE: $0
  • MGF: $7,395
  • RFS: $3,547
  • RME: $12,757
  • NOI: $89,223.00
  • Operating Expense: $47,577.00
  • WSE: $4,520.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $13,058.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 828 Chicopee Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 828 Chicopee Street

Taxable ValueLand$55,800Additions$629,000Total$684,800
Tax Record2024$10,108 ($842 / month)
Home Facts
Baths8Total Finished SqFt10,128 SqFtAbove Grade Finished SqFt10,128 SqFtUnfinished Basement SqFt2,532 SqFtStories4Lot Size4,900 SqFtStyleMulti-Family Res (5+ Units)Year Built1912Zoning13CountyHAMPDENAPNCHIC M:0581 P:00030

Schools near 828 Chicopee 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
Fairview Elementary
PublicK to 5

Bellamy Middle School
Public6 to 8

Chicopee Comprehensive 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Brochu Real Estate, Jeffrey Brochu

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.