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    89-95 School St Chicopee, MA 01013

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    For Sale
    $1,299,000

    Fully occupied 11-unit mixed-use building with strong cash flow.

    Lot size:
    0.12 Acres

    Property Features for 89-95 School St

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1935

    Source: Lock and Key Realty Inc. Agent Jessica Mekal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building: Investment Opportunity

    This fully occupied 11-unit mixed-use building presents an investment opportunity with a 10% cap rate. The property features 10 residential units and a ground-level commercial storefront in a prime, high-visibility location. Each unit has separate electric and heating systems. Lead certificates are on file for all residential units. All units are currently rented by long-term tenants, with 9 out of 10 residential units subsidized through Section 8, providing consistent, government-backed rental income. Most tenants are on month-to-month leases, giving a new owner the flexibility to increase rents. The property is professionally managed and well-maintained, making it suitable for investors seeking a stabilized building.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.6103553
    Latitude
    42.1466573

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    FAQs

    What type of property is this?
    Mixed-use property - Fully occupied 11-unit mixed-use building with strong cash flow.
    Where is this mixed-use property located?
    The property is located at 89-95 School St Chicopee, MA.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - 10% Cap Rate indicates strong cash flow and investment return.; - Fully occupied 11-unit mixed-use building provides immediate income.; - 9 out of 10 residential units are subsidized through Section 8, ensuring consistent rental income.
    (413) 519-1423
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    89-95 School St Chicopee, MA 01013
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