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ChangBae Son Of Premier Realty Group Represents Buyer In Multifamily Sale At 1060 Chicopee Street For $1.38M

Property Image
SOLD
$1,380,000
Nghia Nguyen
ChangBae Son

Massachusetts

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MultiFamily13,911 SF
Sold
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Property Image
SOLD

ChangBae Son Of Premier Realty Group Represents Buyer In Multifamily Sale At 1060 Chicopee Street For $1.38M

1060 Chicopee Street

See Similar Deals
MultiFamily13,911 SF
Sold
Nghia Nguyen
ChangBae Son
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$99
Total Square Footage:13,911 SF
Transaction Type:Sale

A 12-unit apartment building located at 1060 Chicopee Street in Chicopee, MA, has been sold for $1,380,000. The property comprises 13,911 sq. ft. and includes 29 bedrooms and 12 bathrooms. The price per unit is $115,000, while the price per square foot stands at $99.

Summary of transaction details:

The transaction involved ChangBae Son of Premier Realty Group representing the buyer and Nghia Nguyen of PRIVI Realty representing the seller. The building features 7 recently renovated units along with 6 subsidized tenants, generating over $14,000 in monthly rent, with tenants responsible for their own utilities.

Players

Nghia Nguyen
PRIVI Realty
Nghia Nguyen
1 deal$1.4M volume(508) 468-4329
BROKER
ChangBae Son
ChangBae Son
1 deal$1.4M volume(617) 913-3369
BROKER

Details

SOLD
IMAGE: Nghia Nguyen & ChangBae Son DATE: 07/16/2024 ADDRESS: 1060 Chicopee Street MARKET: Chicopee, MA ASSET TYPE: Multifamily BUYER'S REP: ChangBae Son (@ChangBSon) - Premier Realty Group SELLER'S REP: Nghia Nguyen (@Nghia1016) - PRIVI Realty SALE PRICE: $1,380,000 UNITS: 12 ~ PPU: $115,000 SF: 13,911 ~ PPSF: $99 NOTE: A 12-unit apartment building in Chicopee sold for $1,380,000, featuring 29 bedrooms and 12 bathrooms across 13,911 sq. ft. The building, with 7 recently renovated units and 6 subsidized tenants, generates over $14,000 in monthly rent, with tenants paying for their own utilities.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$73,600.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,902.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,541.90
Annual Debt Service$78,502.85