282-284 Suffolk St - Apartments FOR SALE


Holyoke, MA 01040
$1,300,000 USD
413-233-6066
282-284 Suffolk St, Holyoke, MA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/7
null | 7.61% Cap Rate

282-284 Suffolk St
Holyoke, MA 01040


OVERVIEW

Jennings Real Estate Services Inc.- 282-284 Suffolk Street is a rare opportunity to acquire a fully leased, 11-unit multifamily asset that has not transferred in over a decade. A significant portion of the units are master-leased to the Center for Human Development (CHD), a well-established regional behavioral health organization recognized for delivering comprehensive, high-quality community-based services. The property features an additional revenue source in the form of a separate freestanding, income-producing garage building, along with on-site washer/dryer facilities serving the main residential building. Units have been thoughtfully renovated upon tenant turnover, contributing to a consistent and reliable rental performance over many years.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

11

PRICE/UNIT

$118,182

CAP RATE

7.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1949

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,073 SF

ZONING

RM20

APN/PARCEL ID

HOLY-000076-000004-000001

ASK ABOUT THIS PROPERTY

Jonathan LittleJennings Real Estate Services, Inc.More Info
413-233-6066

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Jonathan LittleJennings Real Estate Services, Inc.More Info
413-233-6066

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