NOT LISTED FOR SALE

186 Grattan St Chicopee, MA 01020

Chicopee Falls Neighborhood
18 Beds
6 Baths
6,897 Sq Ft
7,840 Sq Ft Lot

Last Sold June 11, 2024

Last sale price $675,000 $98 Per Sq Ft

Highlights

  • Medical Services
  • Wood Flooring
  • Living Room
  • Property is near public transit
  • Community Pool
  • Shops

About This Home

As of June 2024

Attention investors, this is a chance to own a well maintained 6 Unit Apartment building with (6) 3 bedroom apartments. The current rents range from $1275-$1475. Many of the apartments are remodeled after turnover of tenants in the past few years. The rent includes heat and hot water which is provided by a boiler that was replaced in 2021 and then converted to gas in 2023. There is electric security gate and private parking in the back for tenants. This building is being sold in connection with 194 Grattan St, an almost identical 6 Unit Building that is on the same property and the same deed. The asking price for the two properties as a package is $1,400,000.

Last Agent to Sell the Property

Jeff Brochu

Brochu Real Estate Listed on: 04/12/2024

Last Buyer's Agent

Jeff Brochu

Brochu Real Estate Listed on: 04/12/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,192

Year Built

  • Built in 1900

Lot Details

  • 7,840 Sq Ft Lot
  • Fenced

Home Design

  • Brick Foundation
  • Frame Construction

Interior Spaces

  • 6,897 Sq Ft Home
  • Living Room
  • Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 6 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Dirt Floor

Parking

  • 1 Car Parking Space
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Lambert Lavoie Elementary School
  • Bellamy Middle School
  • Chicopee Comp High School

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $8,550
  • Rent includes unit 1(heat hot water), unit 2(heat hot water), unit 3(heat hot water), unit 4(heat hot water)
  • Assessor Parcel Number 2503304

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Community Pool

Building Details

  • Electric Expense $945
  • Insurance Expense $6,539
  • Water Sewer Expense $5,922
  • Operating Expense $46,084
  • Net Operating Income $56,516

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,192

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Vinyl, Carpet, Wood
  • Interior Amenities: Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 18
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full, Interior Entry, Dirt Floor, Unfinished
  • Living Area: 6897
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: J26200
  • MAIN SO: J26200

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Baseboard, Natural Gas, Electric
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Tankless

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
  • Rent Includes: Unit 1(Heat,Hot Water), Unit 2(Heat,Hot Water), Unit 3(Heat,Hot Water), Unit 4(Heat,Hot Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 5922

Lot Info

  • Parcel Number: 2503304
  • Zoning: 111C
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7840
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6191.82

Multi Family

  • Electric Expense: 945
  • Insurance Expense: 6539
  • Net Operating Income: 56516
  • Number Of Units Total: 6
  • Operating Expense: 46084
  • Total Actual Rent: 8550
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2

MLS Schools

  • High School: Chicopee Comp
  • Elementary School: Lambert Lavoie
  • Middle Or Junior School: Bellamy

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2024 06/11/24 Sold $675,000 -3.6% $98 / Sq Ft
04/12/2024 04/12/24 Pending -- -- --
04/12/2024 04/12/24 For Sale $700,000 -- $101 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeff Brochu

    Seller's Agent in 2024

    Jeff Brochu

    Brochu Real Estate

    (413) 374-6858

    6 in this area

    58 Total Sales

    Jeff Brochu
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73223485

MLS Property Information Network (MLS PIN)
Massachusetts Hampden County Chicopee 01020 Chicopee Falls

186 Grattan St, Chicopee, MA

Not Listed for Sale

MultiFamily

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