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200 Southwick Rd
Westfield, MA 01085
Oakwood Terrace · Multifamily Property For Sale · 40 Units
PROPERTY FACTS
| No. Units | 40 | Building Size | 34,188 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built/Renovated | 1967/2018 |
| Building Class | C | Parking Ratio | 2.1/1,000 SF |
| Lot Size | 5.60 AC |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 5.60 AC |
| Building Size | 34,188 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1967/2018 |
| Parking Ratio | 2.1/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Range
About 200 Southwick Rd , Westfield, MA 01085
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.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 39 | $1,350 | 700 |
| 3+2 | 1 | $1,600 | 1,100 |
PROPERTY TAXES
| Parcel Number | WFLD-000094-000000-000047 | Improvements Assessment | $2,226,400 |
| Land Assessment | $128,900 | Total Assessment | $2,355,300 |
PROPERTY TAXES
zoning
| Zoning Code | RA |
| RA |
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