Cabot Street Apartments

  • Title

    Multifamily Property for Sale

  • City

    Holyoke, MA

  • Price

    $1,000,000

  • Cap Rate

    10.01%

  • Gross Leasable Area

    16,750 SF

  • No. Units

    25

  • Price/SF

    $59.70

  • Price/Unit

    $40,000

  • No. Stories

    4

  • Property Type

    Multifamily

  • Year Built

    1900

Not found amenities.

Northeast Private Client Group is pleased to present The Cabot Street Apartments, a 25-unit multifamily property located in Holyoke, Massachusetts.

The Cabot Street Apartments are comprised of 22-one bedroom, 1-two bedroom and 2-three bedroom units. Heat and hot water is paid for by the landlord and supplied through a central natural gas boiler. 22 units have electricity included as part of the rent because of a master electric meter. Only 3 units have electricity separately metered out. This has enabled the owner to capture stronger rents than some competing properties in the market. The property features a new laundry room, vinyl replacement windows and a newer flat roof. This property typically runs at 100% occupancy.

The Cabot Street Apartments offer a new investor the ability to increase rents to market levels. The property is professionally managed and maintained.

Holyoke, Hampden County, MA