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200 Southwick, Westfield, MA – $5,595,000

  • 83 Beds
  • 60 Baths
  • 34,188 Sqft
  • 5.6 Acres
  • 83 Beds
  • 60 Baths
  • 34,188 Sqft
  • 5.6 Acres

200 Southwick

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 106 parking spaces; a ratio of over 2.6 spaces per unit.

Essential Information

  • MLS® #72576105
  • Price$5,595,000
  • Bedrooms83
  • Bathrooms60.00
  • Full Baths40
  • Half Baths40
  • Square Footage34,188
  • Acres5.60
  • Year Built1967
  • TypeMulti-Family
  • StatusActive

Sub-Type

5+ Family - 5+ Units Side by Side

Community Information

  • Address200 Southwick
  • CityWestfield
  • CountyHampden
  • StateMA
  • Zip Code01085

Amenities

  • Parking Spaces99

Listing Details

  • AgentMatthew Lefebvre
  • OfficeElm Grove Realty, LLC
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