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37 Clinton Avenue 37 Clinton Ave 10 Unit Apartment Building $1,298,745 CAD ($129,875 CAD/Unit) 11.14% Cap Rate Holyoke, MA 01040
Investment Highlights
- Convenient Location
- Brick Buildings & Separate Utilities
- Area Employers + Student Living
- Transit Oriented Location
- Value-Add Potential
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 37 Clinton Avenue in Holyoke, Massachusetts (the “Property”). The Property is improved with a five-story brick building containing ten (10) residential units comprised of eight (8), 2-Bedroom/1-Bathroom units and two (2), 3-Bedroom/1-Bathroom units with 10,135 square feet of living area in 12,162 square feet of total gross area, on a 0.14-acre parcel. The Property has five (5) on-site surface parking spaces. The Property is located on Clinton Avenue just seconds from both Hampden Street and Dwight Street along the perimeter of downtown Holyoke. The strategic location is close to US Routes 202 (Linden Street) and is within walking distance of Holyoke Medical Center, Holyoke High School – North Campus, area retailers, and the Holyoke Train Station. Additionally, the Property provides convenient access to US Route 5 and Interstates 91 and 391.
Property Facts
| Price | $1,298,745 CAD | Building Class | C |
| Price Per Unit | $129,875 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 12,162 SF |
| Cap Rate | 11.14% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | Parking Ratio | 0.41/1,000 SF |
| Zoning | R-2 | ||
| Price | $1,298,745 CAD |
| Price Per Unit | $129,875 CAD |
| Sale Type | Investment |
| Cap Rate | 11.14% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 12,162 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1915 |
| Parking Ratio | 0.41/1,000 SF |
| Zoning | R-2 |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | HOLY-000074-000000-000045 | Improvements Assessment | $648,826 CAD |
| Land Assessment | $123,039 CAD | Total Assessment | $771,865 CAD |
Property Taxes
Parcel Number
HOLY-000074-000000-000045
Land Assessment
$123,039 CAD
Improvements Assessment
$648,826 CAD
Total Assessment
$771,865 CAD
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37 Clinton Avenue | 37 Clinton Ave
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