200 Southwick

Westfield, Massachusetts

Street View

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.
Property Detail
Bedrooms 0
Bathrooms 40
Property Type Multi-Family
Year Built 1967
Home Size 34,188 sqft
Lot Size 5.6000 Acres
MLS# 4780092
County MA-Hampden County
Features
Sep Laundry Room
Two+ Story
Listing Agent: Matthew Lefebvre Broker: Elm Grove Realty Broker Phone: 6035054900
Location

MA-Hampden County Westfield 200 Southwick

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Neighborhood Info

Westfield - 01085

The vacancy rate of homes in 01085 is 4.29% with 64.96% of homes being owner-occupied. The median household income in 01085 is $60128 per year with those between 45 and 64 having the highest median income at $78805.

School in Westfield, MA
School Type Grade Distance
Munger Hill Public K-5 1.87 mi
Southampton Road Public K-5 3.68 mi
Westfield High School Public 9-12 2.93 mi
Neighborhood Demographic

Demographic in Westfield - 01085

Median Income $60128
Avg Household Size 2.486
Median Age 40.04
White Collars 34%
College Grad 48%
Copyright 2020 New England Real Estate Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Home TypeMulti-Family
Year Built1967
Lot Size5.6000 Acres

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