10-12 Cherry St., Pittsfield, MA 01201
$34,750+/Unit
Commercial property for sale
Added: 05/27/2013
Last Update: 05/27/2013
10-12 Cherry St.
Pittsfield, MA
01201 US
Contact info
- 413-637-8006 [Office]
Description
Four family in good condition with all four units paying their own utilities. New furnaces, roof, and liner for chimney in 2004. The current Potential Rental Income is $23,280, with current estimated expenses of $7,028 represents an estimated NOI of $15,088 which includes a 5% vacancy factor. The list price cap rate is 10.8% with 18.8% cash on cash return assuming 20% down with a 20 year amortization schedule at 5.25%. Building price details: $139,000.
Property Details
- Type: Multifamily
- Use Types:Duplex/Fourplex
- Status: Available
- Year Built: 1920
- MSA: Pittsfield
- Zoning: RESIDENTIAL
- Buildings: 1
- Broadband Internet: Cable
- ConstructionVinyl Siding
Terms
- Cash to Seller
Agent
Michael A. Sorrentino
413-637-8006 [Office]