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Listing Provided Courtesy Of:
Matthew Lefebvre with Elm Grove Realty.
Address
200 Southwick Road Westfield, MA
Price
$ 5,595,000
Property Attributes
  • ML#4780092
  • TypeMulti-Family
  • CountyHAMPDEN
  • CityWestfield
  • AreaHampden
  • Zip01085
  • StyleApartment Building,Multi-Family
  • Price$ 5,595,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage34188
  • Lot Size5.6 Acres
Listing Provided Courtesy Of:
Matthew Lefebvre with Elm Grove Realty.
Property Description

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.

Price History
10/7/2019 Listed $5,595,000

General Features

Block 0094
Construction Wood Frame
Construction Status Existing
Listing Area MA-Hampden
Parking Off Street, On-Site, Parking Spaces 21+, Paved
Price Per Sq Ft 163.65
Status Active
Stories 2
Style Apartment Building, Multi-Family
Total Heat Units 40
Type Multi-Family
Year Built 1967
Zoning RA

Interior Features

Basement No
Cooling Mini Split
Electric Circuit Breaker(s)
Heating Mini Split
Heating Fuel Gas - Natural
Sqft-apx Fin Above Grade 34188
Sqft-apx Total 34188
Sqft-apx Total Finished 34188
Total 2 Br Units 39
Total 3+ Br Units 1
Total Full Baths 40
Total Number of Units 40
Total Ranges 40
Total Refrigerators 40
Utilities Cable, Fiber Optic Internt Avail, Phone
Water Heater Gas - Natural

Exterior Features

Driveway Paved
Exterior Brick Veneer, Vinyl Siding
Flood Zone Unknown
Foundation Slab - Concrete
Garage No
Lot 0047
Lot Description City Lot, Open, Slight, Sloping, Wooded
Lot Size Area 5.6
Road Frontage TBD
Roads Paved, Public
Roof Shingle - Asphalt
Sewer Public
Total Gas Meters 40
Water Public

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

Statistics provided by Inside Real Estate

Price
AVG $1.4M
$5.6M
Visits
AVG 36
18
Year Built
AVG 1914
1967
Walkscore
AVG 57
27
Data Provided by Walkscore ® not using MLS data

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