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510 Mckinstry Ave
Chicopee, MA 01020

$2,995,000 USD

Apartments For Sale  •  15,408 SF

Property Details

  • Property Type Apartments
  • Total Building Size 14,300 SF
  • Lot Size 1.3 AC
  • Building Class C
  • Year Built 1985
  • Zoning 106
37 Transit Score
36 Walk Score

Highlights

Balanced Unit Composition – Diversified mix of one-bedroom and two-bedroom residences
Favorable Utility Structure – Tenant-paid, all-electric utilities minimize operating expenses and management complexity
Portfolio Aggregation Opportunity – Optional acquisition of an additional 24-unit asset, Court View Commons (2053 Memorial Drive)
Material Capital Improvements – In excess of $250,000 deployed toward recent capital expenditure initiatives
Compelling Value-Add Profile – 20–25% rental upside achievable through systematic mark-to-market strategy
Conservative Tax Basis – Current assessed valuation of $2,790,100

Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.9 mi
11 min - 6.0 mi
AirportDriveWalkDistance
Bradley International 37 min - 18.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 48
Type: Surface
Included in Rent: Yes
Taylor Perun 203-692-2420 Northeast Private Client Group
Taylor Perun 203-692-2420 Northeast Private Client Group