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282-284 Suffolk St 11 Unit Apartment Building $1,797,055 CAD ($163,369 CAD/Unit) 7.61% Cap Rate Holyoke, MA 01040
Executive Summary
Jennings Real Estate Services Inc.- 282-284 Suffolk Street is a rare opportunity to acquire a fully leased, 11-unit multifamily asset that has not transferred in over a decade. A significant portion of the units are master-leased to the Center for Human Development (CHD), a well-established regional behavioral health organization recognized for delivering comprehensive, high-quality community-based services. The property features an additional revenue source in the form of a separate freestanding, income-producing garage building, along with on-site washer/dryer facilities serving the main residential building. Units have been thoughtfully renovated upon tenant turnover, contributing to a consistent and reliable rental performance over many years.
Property Facts
| Price | $1,797,055 CAD | Building Class | C |
| Price Per Unit | $163,369 CAD | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 9,977 SF |
| Cap Rate | 7.61% | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | Parking Ratio | 0.54/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | Locust |
| Zoning | RM20 | ||
| Price | $1,797,055 CAD |
| Price Per Unit | $163,369 CAD |
| Sale Type | Investment |
| Cap Rate | 7.61% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 9,977 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1949 |
| Parking Ratio | 0.54/1,000 SF |
| Cross Streets | Locust |
| Zoning | RM20 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | HOLY-000076-000004-000001 | Improvements Assessment | $511,200 CAD |
| Land Assessment | $124,649 CAD | Total Assessment | $635,849 CAD |
Property Taxes
Parcel Number
HOLY-000076-000004-000001
Land Assessment
$124,649 CAD
Improvements Assessment
$511,200 CAD
Total Assessment
$635,849 CAD
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282-284 Suffolk St
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