56 APARTMENTS FOR SALE -- PLUS LAND FOR 200 MORE!


EXECUTIVE SUMMARY:

Location: This western Massachusetts year round contemporary complex is located on a 17.4 acre site zoned for multi-family use with a density of 20 units per acre. Built as a condominium complex, this prime offering is located less that 15 minutes from downtown Springfield (5 minutes from I-91), in an exclusive area at the base of Mt. Tom. Located adjacent to the ski slope this offering enjoys wonderful views of the Connecticut River Valley.

Description: There are 56 apartments, a gate house/manager's office, and pool. Land for the development of an additional 200 units is included in this offering.

The 2, 2 1/2, and 3 bedroom units have individual full basements. The 1 and 1 1/2 bedroom units have shared basements. Special amenities in various floor plans include working fireplaces, spiral staircases, central air, individual washer-dryer hookups and sliding glass doors to patios and/or decks.

NOI: $333,458 from existing 56 units

Price: $4,500,000 includes land zoned for an additional 200 units.


Contact Information

John M. "Jack" Peckham III CCIM, CIPS, RECS
Peckham Boston Advisors
(Founded 1963 - Our 47th Year)
Four Longfellow Place, Suite 2003
Boston, MA 02114
Phone 617 523 4441 Ext. 6

Email: info@REOtoCash.com
Web: www.REOtoCash.com

All information is from sources we deem reliable and is submitted subject to errors, omissions, prior sale, lease, withdrawal without notice, or change in price and conditions. While we do not doubt it's accuracy, no representation thereof is made.

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