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      200 Southwick RoadWestfield, MA 01085MLS Number 4817754

      • Price: $5,595,000The price has recently decreased
      • Est. Mortgage of $/month
      • 186 Days on Market
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      Price Down Payment Interest Rate Years
      %

      Est. Mortgage: $/month

      Federal 30-year interest rate: 2.77% last updated on 2021-01-21

      This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

      Pending
      200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085200 Southwick Road Westfield MA 01085
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      • 40Bathrooms
      • 5.6Acreage
      • 34,188Square Feet
      • 1967Year Built
      Listed by Matthew Lefebvre and Jessica Stevenson of Elm Grove Realty
      Oakwood Terrace is a fully-renovated 40-unit apartment complex with a pro-forma cap rate of 8.22% and an in-place cap rate of 7.73% 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 over 100 parking spaces; a ratio of over 2.6 spaces per unit.

      Driving Directions

      Mariner Realty

      Your Local Office

      Mariner Realty
      54 Main Street
      Durham NH, 03824

      Office: 603-868-5600

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      More Info

      Basic Information

      • StatusPEN
      • Property TypeMulti-Family
      • List Price$5,595,000
      • MLS Number4817754
      • MLS StatusPending

      Property

      • Acreage5.6
      • Parking Spaces
      • Lot47
      • Square Feet34,188
      • APX Fin AG Sqft34,188
      • RoadsPaved, Public
      • Lot DescriptionCity Lot, Open, Slight, Sloping, Wooded

      Location

      • TownWestfield
      • StateMA
      • Zip01085
      • CountyHampden
      • ZoningRA
      • Flood Zone Y/NUnknown

      Exterior

      • ExteriorBrick Veneer, Vinyl Siding
      • RoofShingle - Asphalt

      Utilities

      • Heat FuelElectric
      • Heat SystemMini Split
      • WaterPublic
      • Water HeaterGas - Natural
      • ElectricCircuit Breaker(s)
      • SewerPublic

      Building

      • Year Built1967
      • Building ConstructionWood Frame
      • StyleApartment Building, Multi-Family
      • Units40
      • # of 2 Bedrooms39
      • # of 3 Bedrooms1
      • Bathroom40
      • Total Baths40
      • FoundationSlab - Concrete

      Other

      • Taxes$43,379
      • Seasonal Y/NUnknown
      • View Count16
      Broker Reciprocity

      Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated January 23, 2021.

       

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