470 Memorial Drive, Chicopee, MA 1020 - multi-family property

Detailed information about multi-family property which situated in Chicopee (1020) city, Massachusetts state on 470 Memorial Drive.
Chicopee Massachusetts City of Opportunity is located at the confluence of the Connecticut & Chicopee Rivers in southwestern Massachusetts' Pioneer Valley. Chicopee, the second largest city in western Mass, with a population of approx. 56,000, has grown into a bustling city with a modern, international character. Chicopee, Springfield, the region's largest city, & Holyoke form the core of an extensive urban corridor that extends along the Connecticut River from Hartford CT to the VT border. Chicopee, with a strong & diversified economic base, continues to grow, adding new jobs & thousands of square feet of new industrial, business, & commercial space every year. Westover AFB & Elms College are both located in Chicopee. Chicopee is conveniently located 29 miles from Hartford, 92 miles from Boston, 90 miles from Albany, & 140 miles from New York City. The property is very well located in an area containing a mix of residential & retail properties at Exit 5 of the Mass Turnpike. Approx. 250,000 people live within 5 miles of Windsor Court.

Additional Information: Windsor Court consists of a two story masonry/frame building, containing 102 apartments. The building was constructed in 1962 in a fire resistive manner. There are 91 studio apartments, nine one bedroom apartments and an on-site rental office. Each apartment, regardless of size, is comfortably furnished. At any one time, from 11% to 27% of the apartments are leased to avariety of large regional and national corporations. The company’s employees remain as tenants for anywhere from two weeks to multiple years. Some of these companies have been housing employees at Windsor Court for over 10 years. The building is situated on approximately 2.88 acres of land. Parking for approximately 100 cars is conveniently located on site. On-site Laundry Facilities are both an enhancement for the residents and profit center for the owner. Windsor Court is very well located at Exit 5 of the Massachusetts Turnpike. This allows fast and easy access to all areas in Western Massachusetts and Northern Connecticut. This is an attractive, well located investment opportunity. Its convenient location and minimal amount of common area lends itself to high occupancy levels and ease of management.