Brook Edge Apartments

  • Title

    Multifamily Property for Sale

  • City

    Chicopee, MA

  • Price

    $6,375,000

  • Cap Rate

    7.33%

  • Gross Leasable Area

    37,212 SF

  • No. Units

    82

  • Price/Unit

    $77,743

  • No. Stories

    3

  • Property Type

    Multifamily

  • Year Built

    1970

Not found amenities.

Northeast Private Client Group is pleased to present the Brook Edge Apartments, an 82-unit multifamily complex located in Chicopee, Massachusetts.
The Brook Edge Apartments are comprised of 36- studio, 30-one bedroom and 16-two bedroom layouts.Tenants are responsible for their heat, which is electric baseboard. Hot Water is supplied through two central natural gas burners, and is paid for by the owner. The property features ample off street parking for the tenants as well as laundry rooms in each building. One extra unit can be realized by removing the office which is currently occupying a studio apartment.

Brook Edge Apartments sits on 2.77 acres of beautifully landscaped grounds in a park-like setting. It has been professionally managed and maintained for just under 20 years. The property is conveniently located near major transportation routes including I-91, I-391 and the Massachusetts Turnpike. It also offers tenants easy access to nearby shopping areas and a number of local colleges. A new owner can realize upside through raising rents to market levels.

Chicopee, Hampden County, MA