Views
Address
200 Southwick Westfield, MA
Price
$ 5,595,000
Property Attributes
  • MLS#72694110
  • TypeMulti-Family
  • CountyHAMPDEN
  • CityWestfield
  • Zip01085
  • Style5+ Family - 5+ Units Side by Side
  • Year Built1967
  • Taxes43379
  • Price$ 5,595,000
  • Bedrooms83
  • Full Bathrooms40
  • Half Bathrooms40
  • Sqr Footage34188
  • Lot Size5.6 Acres
Listing Provided Courtesy Of:
Matthew Lefebvre with Elm Grove Realty, LLC.
Property Description

Oakwood Terrace is a fully-renovated 40-unit apartment complex with a pro-forma cap rate of 8.46% and an in-place cap rate of 8.16% located at 200 Southwick Road in Westfield, MA. Comprised of 39 2BR/1.5BA townhouse-style units and 1 3BR/1.5BA townhouse-style unit, this apartment community features 2BR units renting as high as $1,400/mo and 3BR units renting for $1,600/mo. Every unit in this community has been painstakingly renovated within the last 24 months. Boasting premium LVT floors, stainless steel appliances, granite countertops, and high efficiency mini-splits, these units provide high end finishes for an affordable price. Tenants pay heat and electric, while the owner pays for hot water. Residents have access to a full laundry room, with 5 card-operated washer and 6 card-operated dryers.Set on over five acres and abutting woodland on two sides, Oakwood Terrace not only has plenty of irrigated green space, but includes 106 parking spaces; a ratio of over 2.6 spaces per unit.

Price History
7/18/2020 Listed $5,595,000

General Features

Construction Material Frame
Electrical Equipment/Features Circuit Breakers, Individually Metered
Full Baths 40
Half Baths 40
Levels 4
Parking Features Off-Street
Parking Spaces 99
Roof Asphalt/Fiberglass Shingles
Sewer City/Town Sewer
Square Feet 34188.00
State Massachusetts
Unit 1 Rent 1400
Unit 2 Rent 1600

Interior Features

Basement Features Partial
Bedrooms (1) 2
Bedrooms (2) 3
Hot Water Natural Gas
Total Bedrooms 83
Total Number of Units 40

Exterior Features

Exterior Vinyl
Foundation Slab
Lot 0047
Lot Description Paved Drive, Level, Steep Slope, Scenic View(s)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 01085

Price
AVG $1.06M
$5.6M
Taxes
AVG $9,873
$43,379
Visits
AVG 36
236
Year Built
AVG 1910
1967
Walkscore
AVG 53
32
Data Provided by Walkscore ® not using MLS data