Views
Address
200 Southwick Westfield, MA
Price
$ 5,595,000
Property Attributes
  • ML#72694110
  • TypeMulti-Family
  • CountyHAMPDEN
  • CityWestfield
  • Zip01085
  • Style5+ Family - 5+ Units Side by Side
  • Year Built1967
  • Taxes43379
  • Price$ 5,595,000
  • Bedrooms83
  • Full Bathrooms40
  • Half Bathrooms40
  • Sqr Footage34188
  • Lot Size5.6 Acres
Listing Provided Courtesy Of:
Matthew Lefebvre with Elm Grove Realty, LLC.
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.

Price History
7/18/2020 Listed $5,595,000

General Features

Construction Material Frame
Electrical Equipment/Features Circuit Breakers, Individually Metered
Levels 4
Parking Features Off-Street
Parking Spaces 99
Square Feet 34188.00
State Massachusetts
Unit 1 Rent 1400
Unit 2 Rent 1600

Interior Features

Basement Features Partial
Bedrooms (1) 2
Bedrooms (2) 3
Full Baths 40
Half Baths 40
Hot Water Natural Gas
Total Bedrooms 83
Total Number of Units 40

Exterior Features

Exterior Vinyl
Foundation Slab
Lot 0047
Lot Description Paved Drive, Level, Steep Slope, Scenic View(s)
Roof Asphalt/Fiberglass Shingles

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 01085

Price
AVG $1.25M
$5.6M
Taxes
AVG $11,267
$43,379
Visits
AVG 30
34
Year Built
AVG 1925
1967

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