$3,190,00016 Grape St

16 Grape St, Chicopee, MA, 01013

$3,190,000

Est. Monthly Price:

63 Bedrooms
29 Full Baths
24,000 SqFt
$133/SqFt
Multi
Schools Nearby

Commute Times

Info Icon

Commute estimates provided by Mapbox.

Facts and Features

Home TypeMulti Family
ParkingOff Street
Year Built1905
BasementYes
WaterfrontWaterfront, River
MLS #72981901
Lot Size0.39 Acres
StatusFor Sale
(Active)

Description

Amazing opportunity to purchase a cash flowing, fully occupied 29-unit portfolio, in an emerging Chicopee market! This portfolio consists of 29 units, of which 22 are all on one block, the other 7 Units are only a few minutes away (726 Chicopee St). 26 of the 29 units are residential with up to date tenants, no arrears! The other 3 commercial spaces are home to 3 long term tenants, two salons and one storefront style church. Utilities are tenant paid, including electric heat in all 29 units, so no need to worry about replacing boilers. Many updates throughout, including electrical panels, water heaters, and updated units. Additional upside through increasing current rent roll. Proforma is a 9.7% CAP. Professional management company handles the daily operations and maintenance. Perfect for an investor who isn't local or is looking for a "hands off" income producing asset.

Interior Features

  • Full Bathrooms: 29
  • Appliances: Gas Water Heater
  • Basement: Yes
  • Flooring: Varies Per Unit,Hardwood

Exterior Features

  • Parking: Off Street
  • Waterfront: Waterfront, River
  • Lot: Corner Lot, Gentle Sloping
  • Lot Size: 0.39 Acres

Other

  • Originating MLS: MLS Property Information Network
  • MLS Number: 72981901
  • Directions: Front St to Grape St
  • Listing Office: Berkshire Hathaway Home Service New England Properties
  • Listing Agent: Justin Barall

Housing Market Report

Sold Prices For All Homes in Chicopee

This Home$3.1M
$35.5K$495K

The Median Sold Price for All Homes in Chicopee is $255K

Based on homes sold in the last 12 months

See Full Housing Market Report

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/25/2022, 5:20:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property History

Sold icon Jun 27, 2012Home Sold
$800,000
Sold icon Dec 01, 1999Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2021$20,491$1,163,600
2020$14,734$843,900
2019$14,575$811,500
2018$14,287$780,300
2017$12,917$746,200

Info iconHistory based on county public records data.

What's it like to live at 16 Grape St, Chicopee, MA, 01013?

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Outlined schools indicate they are assigned to this listing.

Elementary

4

Bowe Bowe url

115 Hampden St0.63 mi

Public District PK-5

3

Glenwood Glenwood url

50 Morison Ter1.33 mi

Public District KG-5

8

Gen John J Stefanik Gen John J Stefanik url

720 Meadow St1.38 mi

Public District KG-5

Middle

3

Fairview Middle School Fairview Middle School url

26 Memorial Ave4.32 mi

Public District 6-8

5

Alfred G Zanetti Alfred G Zanetti url

474 Armory St2.11 mi

Public District PK-8

4

Baystate Academy Charter Public School Baystate Academy Charter Public School url

334 Franklin St2.51 mi

Public Charter 6-7

High

3

Chicopee High School Chicopee High School url

820 Front St0.92 mi

Public District 9-12

5

21st Century Skills Academy 21st Century Skills Academy url

174 Brush Hill Ave1.59 mi

Public District 9-12

3

The Springfield Renaissance School The Springfield Renaissance School url

1170 Carew St1.89 mi

Public District 6-12

All data from Great Schools

What Are The Neighbors Like?

All data provided by Home Junction and Claritas

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Rocket HomesMassachusettsHampden CountyChicopee0101316 Grape St

This home is located at 16 Grape St in Chicopee, MA and zip code 01013. This 24,000 square foot home, which was built in 1905, sits on a 0.39 acre lot. Features: 63 bedrooms, 29 bathrooms. It has been listed on Rocket Homes since May 15, 2022 and is currently priced at $3,190,000. The neighbors living near this home have an average income of $40,455.

The number of homes for sale in Chicopee, MA increased by 1.1% between March 2022 and April 2022. In April 2022, listings were on the market for 22 days. During the same period, the median list price in this real estate market was $255,000. Over 35 listings were sold over their listed price in April 2022 in Chicopee, MA. In the same period over 9 listings were sold below the listed price and 2 listings were sold for the listed price. The majority of Chicopee, MA residents have income less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

Info IconFrom Rocket Homes Real Estate and based on county public records data.