Springdale Apartments FOR SALE


Holyoke, MA
$3,000,000 USD
781-300-2502
, Holyoke, MA for Sale
$3,000,000 USD
FOR SALE
1/7
null | 9.18% Cap Rate

Springdale Apartments
Holyoke, MA


HIGHLIGHTS

  • Convenient Location
  • Transit Oriented Location
  • Brick Buildings
  • Value-Add Potential
  • Property Highlights
  • Area Employers + Student Living

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Springdale Apartments, a thirty-one (31) unit multifamily property located in Holyoke Massachusetts (the “Property” or “Properties”). The Springdale Apartments are located in the heart in Holyoke’s Springdale neighborhood approximately 1.5-miles from Downtown Holyoke. The Springdale Apartments offer convenient access to the area’s primary roadways, public transportation, numerous retail amenities and area schools. The Springdale Apartments consist of thirty-one (31) units spread over three adjacent buildings made up of two (2) commercial units, six (6), 3-Bedroom/1-Bathroom units, twenty-two (22), 2-Bedroom/1-Bathroom units, and one (1), 1-Bedroom/1-Bathroom unit with 31,140 square feet of living area in 38,236 square feet of total gross area on a combined 0.46-acres of land. The units are separately metered for electric and gas fired heat and hot water, which the tenants pay directly. The Property also has a parking lot at the rear of the buildings for residents. The Springdale Apartments offers the rare opportunity to acquire a critical mass of well-located multi-family units in a supply-constrained rental market that offers income growth, strong investment returns, and significant upside in rents.

ASK ABOUT THIS PROPERTY

Michael BradleyHorvath & TremblayMore Info
781-300-2502

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

Michael BradleyHorvath & TremblayMore Info
781-300-2502

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