Mass Manufactured Housing Package
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Mass Manufactured Housing Package
2 Multifamily Properties Offered at $5,283,213 CAD in Westfield, MA
Investment Highlights
- 189 Springfield - Heavy daytime foot traffic with excellent visibility off Springfield Road.
- Close proximity between both properties, a short 7 mile commute to one another.
- 404 Southwick Road is a short 4 minute drive to the famous Ranch Golf Club.
- Both properties are a short 13 minute commute to Westfield- Barnes Regional Airport.
Executive Summary
Freehold Real Estate Agency is pleased to present the opportunity to acquire a 73-unit manufactured housing portfolio in MA's Hampden County. Stabilized and operated for sixteen years by a full-time, regional, manufactured-home management firm, the two properties that compose the portfolio present a rare opportunity to invest in a highly-attractive asset class that has been gaining national attention from REITS and other institutional investors over the past decade. The close proximity between the two properties make maintenance simple and limit labor costs, while favorable tax treatment allows an investor to take advantage of non-cash expenses to offset income. Absent of the deferred maintenance and high proportion of rented units with which many leased-land communities are brought to market, a buyer will enjoy the steady cash-flow generated by leasing just the land on which owner-occupied homes sit, avoiding many of the headaches that come with apartment ownership.
Data Room Click Here to Access
Property Facts
Price | $5,283,213 CAD | Number of Properties | 2 |
Price / SF | $1,387 CAD / SF | Individually For Sale | 0 |
Cap Rate | 6.60% | Total Building Size | 3,808 SF |
Sale Type | Investment | Total Land Area | 4.60 AC |
Status | Under Contract |
Price | $5,283,213 CAD |
Price / SF | $1,387 CAD / SF |
Cap Rate | 6.60% |
Sale Type | Investment |
Status | Under Contract |
Number of Properties | 2 |
Individually For Sale | 0 |
Total Building Size | 3,808 SF |
Total Land Area | 4.60 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
404 Southwick Rd, Westfield, MA 01085 | Multifamily | 2,968 SF | 1973 | - |
189 Springfield Rd, Westfield, MA 01085 | Multifamily | 840 SF | 1950 | - |
1 of 22
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Mass Manufactured Housing Package
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.