Commercial Real Estate in Massachusetts available for sale
Lofts For Sale

Lofts for Sale in Massachusetts, USA

More details for Affordable Housing Portfolio Springfield – Multifamily for Sale, Springfield, MA

Affordable Housing Portfolio Springfield

  • Loft
  • Multifamily for Sale
  • 114,679 SF
  • 3 Multifamily Properties

Springfield Portfolio of properties for Sale - Hampden County

This exceptional affordable housing asset has 127 residential units: (120) 1-bedroom/1-bathroom units; (7) studios and (3) commercial spaces. The current offering has a project based section 8 contract covering 100% of the apartments, with a minimum designation of 40% of the units at 60% AMI. The property is governed by a 15 year full Mark-to-Market renewal contract expiring on December 31, 2032; at which time the property will be eligible to enter into a new HAP contract under Section 524(b)(1). The property underwent a full Mark-to-Market restructuring in 2002 under the Multifamily Assisted Housing Reform and Affordability Act of 1997 and is subject to the Mark-to-Market use agreement through 2032.The current rents are substantially below market, and the new owner will realize a significant increase in NOI following the issuance of a new HAP contract in 2032. Boasting an impressive REAC score of 96, the property features upgraded mechanical systems, on-site laundry, & security systems. A recent investment of $270K in energy-efficiency improvements Including but not limited to: attic insulation, low-flow fixtures, & door sealing-has enhanced operating efficiency & NOI.Owned and meticulously maintained by the same owner for over 20 years, it has been thoughtfully operated and cared for, offering the new owner a positive outlook on future capex, upside potential through operational efficiencies, and aforementioned rent increase following the execution of a new HAP contract. Two of the three buildings are listed on the National Register of Historic Places, adding to optionality surrounding future LIHTC/Historic Tax Credit redevelopment. 519 Main St features 64 apartments, newer hot water heaters 22/23, a RUUD AC for commercial space, & a roof under 10 years old. 64 Myrtle St is a stunning adaptive reuse of a former school, comprised of 39 apartments (including 5 loft-style), a roof under 7 years old, high-efficiency Grundfos pumps, & a 2022-installed ACV Prestige 6 Weil-McLain system w dual storage tanks. 11 Acushnet Ave a beautiful adaptive reuse of a former school, comprised of 24 apartments w a roof under 10 years old & a Prestige Triangle Tube system w a 100-gallon indirect hot water heater (2015 install).

Contact:

The Cozzi Team

Property Subtype:

Multi Family

Date on Market:

2025-04-02

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More details for 105 Everett Ave, Chelsea, MA - Office for Sale

105 Everett Ave

Chelsea, MA 02150

  • Loft
  • Office for Sale
  • 8,000 SF
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More details for 3-5 Harvard Ave – Office for Sale, Brookline, MA

3-5 Harvard Ave

  • Loft
  • Office for Sale
  • $3,026,364 CAD
  • 3,616 SF
  • 2 Office Properties
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More details for 192 Belgrade Ave, Roslindale, MA - Office for Sale

192 Belgrade Ave

Roslindale, MA 02131

  • Loft
  • Office for Sale
  • $619,029 CAD
  • 688 SF
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More details for 73 Chestnut St, Springfield, MA - Office for Sale

73 Chestnut St

Springfield, MA 01103

  • Loft
  • Office for Sale
  • $962,934 CAD
  • 7,983 SF
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More details for 799 Front St, Chicopee, MA - Office for Sale

799 Front St

Chicopee, MA 01020

  • Loft
  • Office for Sale
  • $316,393 CAD
  • 1,241 SF
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More details for 138 Grand View Ave, Quincy, MA - Multifamily for Sale

138 Grand View Ave

Quincy, MA 02170

  • Loft
  • Multifamily for Sale
  • $2,331,676 CAD
  • 8,000 SF
  • 24 Hour Access
  • Kitchen

Quincy Multifamily for Sale - Quincy/Braintree

Turn-key business opportunity to own and manage a 12 bedroom rental property in highly desirable location in Quincy, MA. Fully furnished and 100% occupied with long-term tenants with a 10% cap rate. Solid investment opportunity towards owning the historic Victorian multi-family property atop Wollaston Hill in Quincy, MA. 1. Excellent location that is walking distance to the Red Line train station (at Wollaston/Quincy) and MBTA bus stop is a block away at the bottom of the hill. 2. House has massive expansion potential with 2 separate dry, walk-out basements (NOT bulkheads) with full sized windows, lots of sunlight, and high ceilings. 3. Further expansion potential is an attic room with a loft that has a skylight already installed - ready to be finished and make it the 13 or 14 bedroom property. 4. Highly desirable, safe, and quiet neighborhood atop Wollaston Hill in an excellent school district. 5. Walk to coffee shops, restaurants, 24-hour CVS, supermarkets, library, post office, and Wollaston Beach. 6. 100% occupancy since 2003 when I bought the property. 7. Eight (8) off-street parking spaces; a 3-car garage, and a tool shed. Other interesting details 1. Grandview Avenue was voted 4th best street on which to live in the Boston area by Boston Magazine. 2. House is built on a granite foundation (from the Quincy quarries) and has a solid structure. 3. Built in 1896 on the former estate of President John Adams and John Quincy Adams, the house and the street have a lot of historic details. 4. All windows were replaced, original hardwood and parquet floors throughout, and forced hot air ducts. 5. Overlooks a massive gorgeous Copper Beech tree that was planted by President John Quincy Adams. 6. Tree-lined streets atop Wollaston Hill alongside other historic Victorians and Colonials. 7. No flood insurance needed due to being on a hill; both duplex basements are dry. 8. Widow’s Walk has views of the Boston skyline and ocean skyline. 9. Two original fireplaces; a formal foyer with a good morning, double staircase; a servant's passthrough into the pantry; and other historic details remain. 10. Fully furnished and fully rented to earn immediate rental income.

Contact:

Julie Green

Property Subtype:

Apartment

Date on Market:

2025-03-20

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More details for 38-40 Market St, Amesbury, MA - Office for Sale

Downtown Office Space- Near Market Square - 38-40 Market St

Amesbury, MA 01913

  • Loft
  • Office for Sale
  • $790,982 CAD
  • 4,181 SF
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More details for 146 Mendon St, Uxbridge, MA - Office for Sale

146 Mendon St

Uxbridge, MA 01569

  • Loft
  • Office for Sale
  • $7,565,910 CAD
  • 100,000 SF
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