CCertihomes
70 Exchange St, Chicopee, MA 01013

$349,000

0 beds 0 baths Built 1950Active

About this home

Discover a unique opportunity to own a piece of Chicopee's history with the iconic Red Fez Bar and Grill, a beloved establishment that first opened its doors in 1985. Nestled in the heart of Downtown Chicopee, this well-established business and real estate package present a rare chance for entrepreneurial success. The Red Fez has been a cherished staple in the community, offering a welcoming atmosphere, delectable cuisine, and a rich history of memorable moments. With a prime location and a loyal customer base, this turnkey investment promises both immediate returns and the potential for further growth. Don't miss the chance to be the proud owner of this local gem – seize the opportunity to continue the legacy of the Red Fez Bar and Grill. Being sold as part of a package with MLS# 73201144, will not be sold separately.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$3,884/mo

Real estate (PITI + HOA + PMI)
$3,479
Principal + interest$2,251
Property tax + insurance$1,097
PMI / 2nd mortgage$131
Utilities
$657
Heating + cooling$183
Internet + TV + phone$125
Water + sewer + garbage$58
Transportation
$120
Car insurance + maintenance$120
Other (entertainment)
$125
$3,884/mo TLC
Budget$5,000/mo
Remaining after TLC$1,116/mo
Purchase price
$349,000
Down payment
$17,450 (5%)
Loan amount
$331,550
APR
7.2%

Quick facts

Type
COM
Style
Year built
1950
Lot size
0.13 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$6,057
MLS #
73201143
County
Hampden

Home features

Roof
Tar/Gravel

Neighborhood — 01013

MetricThis ZIPCountyUSA
Population26,5516,444,931299,088,112
Population Change Since1990-2.00%7.00%20.00%
Population Density4,112786
Male12,6463,127,134147,432,321
Female13,9053,317,797151,655,844
Never Married6,5361,612,88563,775,926
Married9,5702,586,314123,120,365
Separated1,022247,85712,639,686
Widowed1,914363,59415,467,586
Divorced2,673436,88823,075,029
Number Of House Hold11,0002,431,591111,826,380
Average House Hold Size2.372.562.60
Medial Age36.6237.2535.46
Median House Hold Income$37,401$57,698$48,276
Average House Hold Income$43,838$75,023$63,629
P C I$18,449$29,196$24,529
M D I$32,861$48,105$41,133
A T H E$40,089$57,083$50,898
S T R5.00%5.00%
W C J77.45%81.38%77.74%
(Zip) Code
1013

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 2/9/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.