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    200 Southwick

    Westfield, MA 01085
    • $5,595,000
    • STATUS: Active
    • MLS #: 72694110
    UPDATED: 47 min ago
    $5,595,000
    • 83
      BEDS
    • 5.6
      ACRES
    • 40
      BATHS
    • 40
      1/2 BATHS
    • 34,188
      SQFT
    • $164
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Matthew Lefebvre of Elm Grove Realty, Llc.

    Description

    Oakwood Terrace is a fully-renovated 40-unit apartment complex with a pro-forma cap rate of 8.46% and an in-place cap rate of 8.16% 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 106 parking spaces; a ratio of over 2.6 spaces per unit.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2020-10-30T08:07:03.167.
    www.parrottrealtygroup.com/homes/108009900
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    200 Southwick Westfield, MA 01085

    • Price: $5,595,000
    • Status: Active
    • Updated: 47 min ago
    • MLS #: 72694110
    83
    Beds
    40
    Baths
    40
    ½ Baths
    5.6
    Acres
    34,188
    SQFT
    $164
    $/SQFT
    1967
    Built
    Neighborhood:
    Other
    County:
    Hampden
    Area:
    Other
    Property Description
    Oakwood Terrace is a fully-renovated 40-unit apartment complex with a pro-forma cap rate of 8.46% and an in-place cap rate of 8.16% 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 106 parking spaces; a ratio of over 2.6 spaces per unit.
    Exterior Features

    Beachfront No Construction Frame Exterior Vinyl Foundation Slab Lot Description Paved DriveLevelSteep SlopeScenic View(S) Parking Features Off-Street Parking Spaces 99 Road Type Public Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No

    Interior Features

    Basement Yes Basement Features Partial Bedrooms Unit1 2 Bedrooms Unit2 3 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Floors Unit1 1 Floors Unit2 1 Full Baths Unit1 1 Full Baths Unit2 1 Half Baths Unit1 1 Half Baths Unit2 1 Hot Water Natural Gas Levels 2 Levels Unit1 2 Levels Unit2 2 Rooms 13 Rooms Common Laundry Rooms Unit1 6 Rooms Unit2 7

    Property Features

    Apod Available No Assessments 1665600.00 Disclosure No Electric Features Circuit BreakersIndividually Metered Gross Operating Income 99999 Lead Paint None Lease Unit1 Y Lease Unit2 Y Lender Owned No Lot 0047 Multifamily Type 5+ Family - 5+ Units Side By Side Net Operating Income 99999 Rent Unit1 1400 Rent Unit2 1600 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2019 Taxes 43379.00 Water City/Town Water Year Built Description ActualRenovated Since Year Built Source Public Record Year Round Yes Zoning Ra

    Listing information © 2020 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Matthew Lefebvre of Elm Grove Realty, Llc.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2020-10-30T08:07:03.167.
     
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    Parrott Realty Group | Keller Williams Gateway Realty
    20 Trafalgar Square
    Nashua NH, 03063
    Listing courtesy of Matthew Lefebvre of Elm Grove Realty, Llc.