732 James Street Chicopee — Photo 1 of 14
$175,000
Investment Analysis — 732 James Street
Chicopee, MA 01020 — Fairview
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01020 carries an estimated $2,120/mo in gross rent — about a 8.64% cap rate and $15,120/yr in estimated NOI at the $175,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
992
Style
Single Family
Built
1957
RENOVATORS SPECIAL!! Don't overlook this incredible opportunity to buy a popular 5 room/3 bedroom Ranch Style home on a large flat lot in a terrific long settled and convenient location. Obviously needs some cosmetic and other improvements but priced to sell quickly at over $100,000 less than current assessed value and well below other more finished comparable homes. Former carport was enclosed for use as porch and detached garage was also divided into finished storage & other areas so both have potential to be restored to vehicle use. Property is being sold in "AS IS" condition. This is an ideal property for any buyer to buy low and fix-up for their own personal use with sweat equity or any savvy investor looking to "flip" for a good profit. If someone is looking for a good bargain who has the ambition and talent, this is the house for them. Property will not easily pass FHA/VA financing requirements. Don't miss out - easy to show & available immediately so schedule soon! No text messages please.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 496 sq ft (the lesser of 900 sq ft or half the 992 sq ft principal dwelling). Lot size: 11,355 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Golf • Medical Facility • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First11.5 x 18.5
Closet, Flooring - Wall to Wall Carpet, Exterior Access
Kitchen
Lvl First10 x 11.5
Flooring - Wall to Wall Carpet, Exterior Access
Primary Bedroom
Lvl First11 x 11.5
Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Closet - Double
Bedroom 2
Lvl First8 x 11.5
Bedroom 3
Lvl First8.5 x 11.5
Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Closet - Double
Bathroom 1
Lvl First5 x 8
Bathroom - With Tub & Shower, Flooring - Wall to Wall Carpet
Listing Agent: Charles Davignon
Listing Office: Charles J Davignon Real Estate Agency
MLS® Number: 73576089