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Property profile & analytics
OFF-MARKET
Investment properties

4 Dl Ct Chicopee, MA 01013

3,840 SF 0.12 ac lot Built 1965
Individually Owned 20-yr Hold Free & Clear
Property ID
US38-1732586
Property summary
AI-generated overview

This exceptional Chicopee investment property offers a diverse income stream and significant upside potential. The centerpiece is a well-maintained convenience store operating under a secure 10-year lease, generating a consistent monthly rental income of $2,200. Adding to the profitability, the property includes two completely renovated 2-bedroom, 1-bathroom apartments. One apartment is currently leased at $1,600 per month, while the second apartment is vacant, providing immediate opportunity for additional rental income or owner occupancy. Beyond the building itself, a significant advantage is the inclusion of a 0.41-acre commercial lot adjacent to the main structure. Currently utilized as parking, this lot presents a wealth of possibilities for expansion or redevelopment. Prospective buyers are encouraged to explore potential uses with the town of Chicopee. The property also features convenient off-street parking for tenants and customers. This multifaceted property presents a rare opportunity to acquire a well-established commercial operation with significant growth potential, combining established rental income with the flexibility of a large, undeveloped commercial lot. The combination of a stable, long-term lease, existing rental income, and the potential of the vacant apartment and additional land makes this an attractive investment opportunity.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1965
Construction FRAME
Total area 3,840 SF
Lot 0.12 ac (5,071 SF)
Zoning code 106
APN CHIC M:0477 P:00005
UPID US38-1732586
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Michael S Montemagni · 20 yrs held
Michael S Montemagni
since 2006
1 recorded transaction
2006
$1
Zoning & alternative use
106 · Chicopee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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