MA
Hampden
Chicopee
01013
89-95 School St
89-95 School St, Chicopee, MA 01013
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Listing Type
Multi Family
Listing Status
active
39
$1,299,000

Home Details for 89-95 School St

Price
$1,299,000
Type
Residential Income
Bedrooms
24
Bathrooms
11.0
Square feet
10000
Year built
1935
County
Hampden
Total rooms
45
Garage
Basement
Full, Dirt Floor, Concrete
Days on site
30
MLS Listing#
73440475
Property Description

10% Cap Rate! Investment Opportunity! This fully occupied 11-unit mixed-use building offers strong cash flow, long-term stability, and value-add potential! The property features 10 residential units and a ground-level commercial storefront in a prime, high-visibility location. Each unit has separate electric and heating systems, and lead certificates are on file for all residential units. All units are currently rented by long-term tenants, with 9 out of 10 residential units subsidized through Section 8—providing consistent, government-backed rental income. Most tenants are on month-to-month leases, giving a new owner the flexibility to increase rents and boost returns. Professionally managed and well-maintained, this asset is ideal for investors seeking a stabilized building with upside. Whether you're expanding your portfolio or securing your next high-performing asset, this property checks all the boxes!

Property Features
  • Basement
    • Full
    • Dirt Floor
    • Concrete
  • Water Features
    • Public
Listing Courtesy: Lock and Key Realty Inc. - 413-282-8080
Presented by: The Madison Team
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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