Movoto Real Estate
Sold on 06/15/2018

388 Broadway St, Chicopee, MA 01020

$837,000

Last sold 06/15/2018 for $392K

  • 12

    bed

  • 6

    bath

  • 6,288

    Sqft ($62/Sqft)

Multi-family not for sale

About 388 Broadway St

Property type Multi-family
Year built 1900
HOA fee $0/month
Lot size 6,970 Sqft
Movoto estimate
Property description
Fully Occupied Six Family with Five Room Two bedroom units and off street parking. The many updates include roof, electrical panels, windows & rear decks. The tenants are responsible for own heat, lights, hot water, and cooking. Estimated NOI is $34,951.00 resulting in an Est. 8.48% CAP RATE & Est. DOUBLE-DIGIT CASH ON CASH RETURN. NOI arrived at w/ Estimated 5% Vacancy/Loss on APO Gross Potential Rent. Self-managed so Mgmt. Fee is Estimated at 5% of Effective Gross Income. Buyers should run own numbers and must independently verify all information. Drive by before requesting a showing. Advanced notice required for showings. Do not Trespass on your driveby.Thank you.
Listed by
Listing Agent - James D. Linfield
Listing Office - Capital Market Team
Source: MLS Property Information Network, Inc. mls logo
MLS#72298994 • last updated 8 years ago
Movoto checked MLS Property Information Network, Inc. for data 2 minutes ago
Overview
Levels/Style 5
Type Multi-family
MLS # 72298994
SqFt 6288
Status Sold
SubType 5-9 Family
Lot Size (Acre) 0.16
Property Tax 5326
Year Built 1900
Short Sale (Y/N) No
Foreclosure (Y/N) No
Interior
# Full Baths 6, 6
Total # of Bedrooms 12, 12
Total # of Rooms 25, 30, 25
# Fireplaces 0, 0
Exterior
Foundation Other (See Remarks)
# Parking Spaces 6
Lot Desc Paved Drive
Amenities / Utilities
Water Source City/Town Water
Electricity 200
Sewer 1850
Location
County Hampden
APN M:0068 P:00002, 2497653
Multifamily Details
# of Units 6
Unit 3 Rent 825
Unit 4 Rent 795
Unit 2 Rent 775
Unit 1 Rent 795
$837K
Range: $627K-$1.04M
Last 30 days 
  • Jun 2018
    mls logo MLS # 72298994
  • Jun 15, 2018 Sold
    $392,500 (-4.7%)
  • Mar 27, 2018 Listed
    $412,000 (+41.7%)
  • Dec 2007
    mls logo MLS # 70647554
  • Dec 28, 2007 Sold
    $290,695
  • Sep 13, 2007 Listed
    $324,900
  • Dec 2007
    Public Records
  • Dec 27, 2007 Sold
    $290,695 (-10.5%)
  • Year Property taxes Tax assessment
  • 2025
    $7,850 +14.6%
    $517,800 +11.55%
  • 2024
    $6,852 +7.1%
    $464,200 +9.95%
  • 2023
    $6,396 +4.5%
    $422,200 +17.15%
  • 2022
    $6,123 -6.2%
    $360,400 -2.75%
  • 2021
    $6,526 -0.8%
    $370,600 +5.31%
  • 2020
    $6,576
    $351,900
  • 388 Broadway St
    $392K
  • —
  • 01020
    $334K +15% y/y
  • Chicopee
    $333K +4% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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