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$145,000
● Multifamily - Off Market

518-520 Grattan

Chicopee, MA
bedrooms
6 Beds
bathrooms
2 Baths
square feet
2,816 Ft²
$322,771
RealtyHop Estimate
115.32%
Since Jul 1, 2012
National-US
Primary Model

About This Property

Spacious 2 Family with many interior updates.  First floor offers 7rooms,3bedrms, newer bathroom,  updates to kitchen many hardwood floors and several replacement windows, lead paint compliant and section 8 approved.   Second floor offers central air,  many hardwood floors, updated kitchen, dishwasher and disposal.Each unit is spacious with large kitchens, din.rm., liv.rm, and  laundry rm as well as sep. utilities. Don't miss this buying opportunity as this property is listed below assessed val
Unit Size
2,816 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$53
Property Type
Multifamily
Property Taxes
$214
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (MLSPIN #71366182)

Price History

Date / Event Date Event Price
Jun 12, 2012 Sold
Premium
Sold
Apr 12, 2012 Listed by William Raveis R.E. & Home Services $149,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Air Conditioning
Parking Available
Parking Details
Has Garage
Has Open Parking
Parking Features: Off Street, Paved, Paved Drive
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Lead Certification Available, Bathroom With Tub & Shower, Living Room, Kitchen, Laundry Room
Appliances: Dishwasher, Disposal
Flooring Type: Vinyl, Hardwood
Door Features: Insulated Doors
Rooms: 14
Basement: Full, Walk-Out Access, Concrete
Exterior Details
Square Footage: 2816
Year Built Source: Public Records
Year Built: 1920
Building Area Total: 2816
Levels: 2
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch
Lot Features: Corner Lot, Level
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Lot Size Square Feet: 5227
Water Source: Public
Financial Details
Tax Assessed Value: $175,000
Tax Annual Amount: $2,566
Utilities Details
Cooling Type: None, Central Air
Heating Type: Forced Air, Oil, Unit Control
Sewer : Public Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71366182
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