NOT LISTED FOR SALE

Estimated Value: $742,216

8 Beds
7 Baths
7,131 Sq Ft
$104/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $650,000 $91 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,889/month

219 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • Enclosed Patio or Porch
  • 1 Fireplace
  • Community Pool
  • Park

About This Home

As of March 2024

Investment opportunity in the Aldenville section of Chicopee. This Mixed Use property consists of 4 residential units and 3 store front retail units. Long term tenants with great rental payment history. The residential units consist of 1 very large unit on the left side with 2BR, 1BA, open floor plan, hardwood floors, fireplace and one car garage under. On the right hand side there are 2 units that are almost the same stacked on top of each other. They are good size and updated with 2-3 bedrooms in each unit and 1BA. On the first floor right side is a completely renovated 1BR, 1BA with granite counters. The ground level consists of 3 store front units each with a private bathroom and seperate storage area in basement. The electric, heating and plumbing have all been updated over the years and pride of ownership shows through out the property. This is a money making turn key investment property. Start collecting rental income today

Last Agent to Sell the Property

Lisa White

Coldwell Banker Realty - Western MA Listed on: 07/16/2023

Coldwell Banker Realty - Western MA

Last Buyer's Agent

Neilsen Team - Livian

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,745

Year Built

  • Built in 1930

Lot Details

  • 3,960 Sq Ft Lot
  • Corner Lot

Parking

  • 1 Car Garage
  • Open Parking

Home Design

  • Brick Foundation
  • Block Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 7,131 Sq Ft Home
  • 1 Fireplace
  • Interior Basement Entry

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Full Bathrooms

Additional Features

  • Enclosed Patio or Porch
  • Property is near public transit
  • Heating System Uses Oil

Listing and Financial Details

  • Total Actual Rent $6,370
  • Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(water hot water), unit 4(heat water hot water)
  • Assessor Parcel Number M:0364 P:00059,2505653

Community Details

Overview

  • 7 Units
  • Property has 1 Level

Recreation

  • Community Pool
  • Park

Building Details

  • Net Operating Income $82,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,745

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1930
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 8

Interior Features

  • Fireplace YN: Yes
  • Fireplaces: 1
  • Total Bedrooms: 8
  • Full Bathrooms: 7
  • Total Bathrooms: 7
  • Basement: Interior Entry
  • Living Area: 7131
  • Spa YN: No
  • Stories Total: 8
  • MAIN LO: AN6181
  • MAIN SO: AN4866

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Block, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Enclosed
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Oil, Electric
  • Electric: Fuses, Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Oil, Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Pool, Park, House of Worship
  • Rent Includes: Unit 1(Heat,Water,Hot Water), Unit 2(Heat,Water,Hot Water), Unit 3(Water,Hot Water), Unit 4(Heat,Water,Hot Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0364 P:00059,2505653
  • Zoning: 6
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 3960
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5744.88

Multi Family

  • Net Operating Income: 82740
  • Number Of Units Total: 7
  • Total Actual Rent: 6370
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 1991
Sold by
Beauregard J Roland J and Beauregard Joseph
Bought by
Piotte Maurice R
Current Estimated Value
$742,216
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Piotte Maurice R $159,900 --
Piotte Maurice R $159,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2024 03/08/24 Sold $650,000 -3.7% $91 / Sq Ft
02/21/2024 02/21/24 Pending -- -- --
11/27/2023 11/27/23 For Sale $675,000 0.0% $95 / Sq Ft
09/15/2023 09/15/23 Pending -- -- --
09/05/2023 09/05/23 For Sale $675,000 0.0% $95 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
07/16/2023 07/16/23 For Sale $675,000 -- $95 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $429,500 $78,500 $351,000
2024 -- $416,900 $77,000 $339,900
2023 $0 $379,200 $70,000 $309,200
2022 $0 $325,400 $60,800 $264,600
2021 $0 $349,600 $55,300 $294,300
2020 $0 $349,100 $54,800 $294,300
2019 $0 $332,600 $54,800 $277,800
2018 $0 $316,300 $52,200 $264,100
2017 $0 $314,600 $53,700 $260,900
2016 -- $324,800 $53,700 $271,100
2015 -- $324,800 $53,700 $271,100
2014 -- $335,700 $53,700 $282,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73136919

MLS Property Information Network (MLS PIN)

APN: CHIC-000364-000000-000059