High St Holyoke, MA 01040

Property Details for High St

Year built

1900

Lot size

0.09 lot acres

Property type

Commercial real estate

Description

This exceptional mixed-use property in Holyoke, MA presents a compelling investment opportunity. Situated on a 0.09-acre lot on High Street, this fully-brick building boasts a recently updated flat rubber roof. The ground floor offers approximately 1,000-2,000 square feet of commercial space, currently vacant and ready for immediate lease-up. Above, three floors house eight fully occupied residential apartments, each featuring a spacious eat-in kitchen, living room, and full bathroom. Each apartment has its own heating system, utilizing either gas or electric. Recent capital improvements are extensive, encompassing a new electrical service, sprinkler system, roof replacement, window upgrades, complete plumbing and heating system overhaul, exterior brickwork enhancements, and cosmetic renovations throughout all units, including kitchens, flooring, and bathrooms. While some rental agreements are below market value, this presents a significant opportunity to increase revenue. The second floor contains two units, while the third and fourth floors each house three units. The building's prime location offers convenient access to public transportation and local amenities. Don't miss this chance to acquire a well-maintained, high-potential investment property in a thriving area. The building's strong cash flow, combined with the potential for rental increases, makes this an attractive proposition for discerning investors.

Location Insight

City

Holyoke

County

Hampden

State

Massachusetts

Longitude

-72.6057

Latitude

42.2091