Chicopee income producer. Updates by the current owner are as follows. New electrical service panels (2002), New Weil McClain Boilers (2003), Replaced oil burners with high efficiency natural gas burners for both boilers (2015), Removed old roof and replaced with new 30 year architectural shingles (2003), New replacement windows (2005), and blown in insulation in all exterior walls (1996). Currently both units are rented out below value and that is showing a capitalization rate of over 9%. When the rents are adjusted to where they should be the capitalization rate will be over 12%. This will be an awesome income producer. The building is in very good shape and has been well maintained throughout the current ownership.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
