15 Franklin St, Chicopee, MA 01013

Take note investors! 11.5% cap rate. Stove and refrigerator in all apartments. All replacement windows. Insulated. Coin op washer and dryer. Roof done approx. 2000. This is a three story, 6 unit, apartment building. Heat on 1st and 2nd flr (left) have gas heat. Other 4 are electric. At one time units were 2-bdrm but a former owner preferred 1-bdrm investment property and covered windows and removed closets from one of the bedrooms in each unit. Now those former bedrooms can be used as a den, home office, walk-in closet/dressing room, or storage. Buyer could make two-bedroom units again and increase rental income. All but one apartment have month-to-month agreements. Most are long-term tenants. One unit has recently been vacated and is being kept empty as a representative unit for convenient showings.