2053 Memorial Dr Chicopee, MA 01020

Court View Commons is a 24-unit multifamily property located in Chicopee, Massachusetts. The property consists of 24 one-bedroom apartment units. Tenants are responsible for paying their electric heat and hot water. The property has been under current ownership for approximately 10 years and is professionally managed. Over $200,000 in capital improvements have been made during the ownership period, including replacement of the mansard roof in 2023, upgrades to the fire alarm and emergency lighting systems in 2024, and over $5,000 in new appliances in 2025. In the past year, 10 units were turned over, with modest interior upgrades completed across all units. The property provides ample off-street parking for residents and visitors, as well as an on-site laundry facility that generates ancillary income. The property offers a value-add opportunity through the ability to increase rents to prevailing market levels. The current average rents are $1,118 per unit, which is approximately $282 below market compared to comparable one-bedroom units in Chicopee achieving average rents of approximately $1,400. Court View Commons is located along Chicopee’s primary retail and commercial corridor, providing strong visibility and access to major transportation routes, including Interstates 91 and 391 and the Massachusetts Turnpike (I-90). The location also benefits from proximity to retail services, grocery stores, and regional employment centers, including Westover Air Reserve Base. The property size is 13,200 square feet.