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32-34 Joy St - 32-34 Joy Street 8 Unit Apartment Building Offered at $1,394,055 CAD at a 9.23% Cap Rate Ludlow, MA 01056
Investment Highlights
- Area Amenities & Demand Drivers
- Separately Metered Utilities
- Strong Rental Demographics & Demand
- Nearby Higher Education
- Off-Street Parking
- Quality of Life Amenities
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 32-34 Joy Street in Ludlow, MA (the “Property”). The multi-story building contains eight (8) 2-Bedroom/1-Bathroom units with 5,530 square feet of gross living area in 8,382 square feet of gross area. The Property is situated upon a 0.25-acre parcel and features eight (8) off-street parking spaces.
32-34 Joy Street is well-positioned in a convenient residential neighborhood of Ludlow, offering easy access to the town center, local shopping, and surrounding residential communities. The property benefits from excellent connectivity to major regional roadways including Center Street (Route 21), Route 141, and the Massachusetts Turnpike (Interstate 90), providing efficient access to Springfield, Chicopee, and the broader Pioneer Valley.
32-34 Joy Street is well-positioned in a convenient residential neighborhood of Ludlow, offering easy access to the town center, local shopping, and surrounding residential communities. The property benefits from excellent connectivity to major regional roadways including Center Street (Route 21), Route 141, and the Massachusetts Turnpike (Interstate 90), providing efficient access to Springfield, Chicopee, and the broader Pioneer Valley.
Property Facts
| Price | $1,394,055 CAD | Lot Size | 0.25 AC |
| Price Per Unit | $174,257 CAD | Building Size | 8,382 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 9.23% | Year Built | 1900 |
| No. Units | 8 | Parking Ratio | 0.95/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $1,394,055 CAD |
| Price Per Unit | $174,257 CAD |
| Sale Type | Investment |
| Cap Rate | 9.23% |
| No. Units | 8 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.25 AC |
| Building Size | 8,382 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 0.95/1,000 SF |
| Opportunity Zone |
Yes |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | LUDL-120795-000000-D000077 | Improvements Assessment | $483,646 CAD |
| Land Assessment | $198,390 CAD | Total Assessment | $682,036 CAD |
Property Taxes
Parcel Number
LUDL-120795-000000-D000077
Land Assessment
$198,390 CAD
Improvements Assessment
$483,646 CAD
Total Assessment
$682,036 CAD
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32-34 Joy St - 32-34 Joy Street
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