Here is a rare opportunity to own a significant mixed-use property in the heart of Chicopee Center. This building features a portfolio of 13 units, including 4 residential apartments and 9 commercial spaces, offering a diverse and stable income stream. The property has a large, private parking lot and a major capital improvement was recently completed with a new roof in 2024, offering significant value for years to come. Strategically located near major highways I-91 and I-391 and public transportation, this prime location ensures high visibility for commercial tenants while offering an easy commute for residents. This property is a fantastic value-add opportunity; with three units currently vacant, the new owner has the immediate potential to lease them at market rates, increasing cash flow and return on investment. Don't miss out on this exceptional investment. Schedule your private tour today.
258-270 Exchange St, Chicopee, MA, 01020
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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