Multifamily Property for Sale
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