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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

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.
More about this property
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