27 Washington St - Apartments FOR SALE


Westfield, MA 01085- Downtown Westfield
$3,995,000 USD
203-692-2420
27 Washington St, Westfield, MA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/29
null | 7.47% Cap Rate

27 Washington St
Westfield, MA 01085
Downtown Westfield


HIGHLIGHTS

  • Attractive Going-In Yield
  • Turnkey, Low-CapEx Profile
  • Expense Efficiency
  • Rent Growth Upside
  • Modernized Asset

OVERVIEW

NPCG is pleased to present the exclusive listing for Courthouse Square Apartments, a 22-unit, turnkey multifamily investment located at 27 Washington Street in Westfield, Massachusetts. Originally redeveloped in 2012 and meticulously maintained since, the property has benefited from a comprehensive capital improvement plan executed by current ownership since 2020. This is a stabilized asset with minimal near-term capital requirements, offering investors immediate cash flow and operational efficiency. The investment offers a strong going-in yield with durable in-place cash flow. With tenant-paid utilities (via new heat pumps), modern unit finishes, and a highly walkable downtown location, the asset is well-positioned for long-term ownership with favorable risk-adjusted returns.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$116 USD /SF

# OF UNITS

22

PRICE/UNIT

$181,591

CAP RATE

7.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Courthouse Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1899

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,627 SF

ZONING

A

APN/PARCEL ID

WFLD-000055-000000-000032

ASK ABOUT THIS PROPERTY

Taylor PerunNortheast Private Client GroupMore Info
203-692-2420

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Taylor PerunNortheast Private Client GroupMore Info
203-692-2420

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.