285-289 East St - Apartments FOR SALE


Ludlow, MA 01056
$2,000,000 USD
413-519-0617
285-289 East St, Ludlow, MA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

285-289 East St
Ludlow, MA 01056


OVERVIEW

Exceptional 11-unit mixed-use investment property featuring a 3-storefront mixed-use building w/5 residential apartments above, a renovated Two-Family, and an updated Single-Family home all on one lot w/plenty of parking & great location. The mixed-use building offers newer roof (’21), updated façade/mechanicals, full basements, 3 store front units and 5 residential apartments w/long-term tenants. The Two-Family includes updated kitchens/baths, enclosed porches, separate utilities, newer roof (APO ±4 yrs), newer hot water tanks, and American Standard FHA gas units (’20/’21). The Single-Family features vinyl siding, updated roof, FHA gas heat (’18/’19), Rheem HW tank (’21), and updated kitchen/bath. Strong rental history with several recent upgrades across the units. Income-producing with upside—current NOI approx. $95K+/yr with stabilized potential around $119K+/yr per owner. Fantastic opportunity to own a turn-key, mixed-use cash-flow asset with proven performance and room to grow!

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

8

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

0

APN/PARCEL ID

CHIC-000105-000000-000027

ASK ABOUT THIS PROPERTY

Joseph KelleyKelley & Katzer Real Estate LLCMore Info
413-519-0617

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Joseph KelleyKelley & Katzer Real Estate LLCMore Info
413-519-0617

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