Skip To Content
    Return to Previous Page

    200 Southwick Road

    Westfield, MA 01085
    • $5,595,000
    • STATUS: Active
    • MLS #: 4817754
    UPDATED: 47 min ago
    $5,595,000
    • 0
      BEDS
    • 5.6
      ACRES
    • 40
      BATHS
    • 0
      1/2 BATHS
    • 34,188
      SQFT
    • $164
      $/SQFT
    Type:
    Multi-Family
    Built:
    1967
    County:
    Area:

    School Ratings & Info

    Courtesy of Matthew Lefebvre of Elm Grove Realty.

    Description

    Oakwood Terrace is a fully-renovated 40-unit apartment complex with a pro-forma cap rate of 8.22% and an in-place cap rate of 7.73% located at 200 Southwick Road in Westfield, MA. Comprised of 39 2BR/1.5BA townhouse-style units and 1 3BR/1.5BA townhouse-style unit, this apartment community features 2BR units renting as high as $1,400/mo and 3BR units renting for $1,600/mo. Every unit in this community has been painstakingly renovated within the last 24 months. Boasting premium LVT floors, stainless steel appliances, granite countertops, and high efficiency mini-splits, these units provide high end finishes for an affordable price. Tenants pay heat and electric, while the owner pays for hot water. Residents have access to a full laundry room, with 5 card-operated washer and 6 card-operated dryers.Set on over five acres and abutting woodland on two sides, Oakwood Terrace not only has plenty of irrigated green space, but includes over 100 parking spaces; a ratio of over 2.6 spaces per unit.

    Monthly Payment Calculator



    © Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-10-25T12:05:36.883.
    www.parrottrealtygroup.com/homes/108069965
    Print Image

    200 Southwick Road Westfield, MA 01085

    • Price: $5,595,000
    • Status: Active
    • Updated: 47 min ago
    • MLS #: 4817754
    0
    Beds
    40
    Baths
    0
    ½ Baths
    5.6
    Acres
    34,188
    SQFT
    $164
    $/SQFT
    1967
    Built
    County:
    Hampden
    Area:
    Westfield
    Property Description
    Oakwood Terrace is a fully-renovated 40-unit apartment complex with a pro-forma cap rate of 8.22% and an in-place cap rate of 7.73% located at 200 Southwick Road in Westfield, MA. Comprised of 39 2BR/1.5BA townhouse-style units and 1 3BR/1.5BA townhouse-style unit, this apartment community features 2BR units renting as high as $1,400/mo and 3BR units renting for $1,600/mo. Every unit in this community has been painstakingly renovated within the last 24 months. Boasting premium LVT floors, stainless steel appliances, granite countertops, and high efficiency mini-splits, these units provide high end finishes for an affordable price. Tenants pay heat and electric, while the owner pays for hot water. Residents have access to a full laundry room, with 5 card-operated washer and 6 card-operated dryers.Set on over five acres and abutting woodland on two sides, Oakwood Terrace not only has plenty of irrigated green space, but includes over 100 parking spaces; a ratio of over 2.6 spaces per unit.
    Exterior Features

    Construction Wood Frame Driveway Paved Exterior Brick VeneerVinyl Siding Has Garage No Lot Description City LotOpenSlightSlopingWooded Parking Off StreetOn-SiteParking Spaces 21+Paved Road Frontage Tbd Roads PavedPublic Roof Shingle - Asphalt Style Apartment BuildingMulti-Family

    Interior Features

    Cooling Mini Split Foundation Slab - Concrete Has Basement No Heating Mini Split Total Heated Units 40 Total Ranges 40 Total Refrigerators 40 Water Heater Gas - Natural

    Property Features

    Auction No Construction Status Existing Easements Unknown Electric Circuit Breaker(S) Flood Zone Unknown Heat Fuel Electric Pre Construction No Seasonal Unknown Separate Utilities Yes Sewer Public Tax Gross Amount 43379 Tax Year 2019 Taxes Tbd No Total Electric Meters 40 Total Gas Meters 40 Total1 Bed Units 0 Total2 Bed Units 39 Total3 Plus Bed Units 1 Utilities CableFiber Optic Internt AvailPhone Water Public Zoning Ra

    Courtesy of Matthew Lefebvre of Elm Grove Realty.


    © Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-10-25T12:05:36.883.
     
    https://bt-photos.global.ssl.fastly.net/nneren/orig_boomver_1_4817754-2.jpg https://bt-photos.global.ssl.fastly.net/nneren/orig_boomver_1_4817754-2.jpg https://bt-photos.global.ssl.fastly.net/nneren/orig_boomver_1_4817754-2.jpg
    Logo
    Parrott Realty Group | Keller Williams Gateway Realty
    20 Trafalgar Square
    Nashua NH, 03063
    Courtesy of Matthew Lefebvre of Elm Grove Realty.