Mass Manufactured Housing Package Multi-Family FOR SALE


Westfield, MA
$3,715,000 USD
860-300-2932
, Westfield, MA for Sale
$3,715,000 USD
Multi-Family - FOR SALE
1/21
null | 6.6% Cap Rate

Mass Manufactured Housing Package
Westfield, MA


HIGHLIGHTS

  • 189 Springfield - Heavy daytime foot traffic with excellent visibility off Springfield Road.
  • 404 Southwick Road is a short 4 minute drive to the famous Ranch Golf Club.
  • Close proximity between both properties, a short 7 mile commute to one another.
  • Both properties are a short 13 minute commute to Westfield- Barnes Regional Airport.

OVERVIEW

Freehold Real Estate Agency is pleased to present the opportunity to acquire a 73-unit manufactured housing portfolio in MA's Hampden County. Stabilized and operated for sixteen years by a full-time, regional, manufactured-home management firm, the two properties that compose the portfolio present a rare opportunity to invest in a highly-attractive asset class that has been gaining national attention from REITS and other institutional investors over the past decade. The close proximity between the two properties make maintenance simple and limit labor costs, while favorable tax treatment allows an investor to take advantage of non-cash expenses to offset income. Absent of the deferred maintenance and high proportion of rented units with which many leased-land communities are brought to market, a buyer will enjoy the steady cash-flow generated by leasing just the land on which owner-occupied homes sit, avoiding many of the headaches that come with apartment ownership.

ASK ABOUT THIS PROPERTY

Michael WeissFreehold ManagementMore Info
860-300-2932

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Michael WeissFreehold ManagementMore Info
860-300-2932

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.