200 Southwick Road

Estimated Monthly Payment: $29,129/mo 200 Southwick Road, Westfield, MA 01085 MLS# 4817754 Multi-Family Listing Status: Active
34,188 sqft

Courtesy of Elm Grove Realty - Matthew Lefebvre

 

96
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REMARKS:

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.

OVERVIEW:

Multi-Family
Active
Apartment Building,Multi-Family
1967
34188
243936
5.60
City Lot,Open,Slight,Sloping,Wooded
Slab - Concrete
Brick Veneer,Vinyl Siding
Shingle - Asphalt
Off Street, On-Site, Parking Spaces 21+, Paved
Paved
Mini Split
Electric
Mini Split
Public
Public

FINANCIAL:

$5,595,000
$43,379

NEIGHBORHOOD & SCHOOL INFORMATION:

 

 Courtesy of Matthew Lefebvre, Elm Grove Realty

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