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31533976
31533977

282-284 Suffolk St, Holyoke, MA 01040

JL
MA 9519962, CT REB.0795440
Jennings Real Estate
KJ
MA 9039162
Jennings Real Estate
Listed by Jennings Real Estate
$1,300,000
70 days on market
Updated 11 days ago

Fully Leased 11-Unit Holyoke Multifamily

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,020
Units 11
Cap Rate 7.61%
NOI $98,975
Occupancy 100%
Price per SqFt $185
Broker Co-Op Yes
Class B
Year Built 1949
Buildings 1
Stories 3
Acreage 0.274
Zoning RM-20 Multifamily Residential
Investment Type Stabilized

Multifamily | 11 Units | $118,182/unit

Marketing description

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.

Investment highlights

Fully Leased 11 unit multifamily

Many Units Mastered Leased to the Center for Community Development (CHD) Clients

Well maintained building with separate income generating garage units

Listing Contacts

JL
MA 9519962, CT REB.0795440
Jennings Real Estate
KJ
MA 9039162
Jennings Real Estate
Listed by Jennings Real Estate

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,975.00
$8,247.92/mo

Valuation Metrics

0
DSCR
7.61%
Cap Rate
7.61%
ROI

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Additional Information

Name
Jonathan Little
License
9519962
Brokerage
Jennings Real Estate
Brokerage Phone
4137317770
Title
Real Estate Broker
Brokerage Address
280 Bridge Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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