46-48 Madison Ave., Pittsfield, MA 01201
$34,750+/Unit
Commercial property for sale
Added: 05/30/2013
Last Update: 05/30/2013
46-48 Madison Ave.
Pittsfield, MA
01201 US
Contact info
- 413-637-8006 [Office]
Description
Four family vinyl siding, replacement windows, newer furnace and electric water heaters. The two car garage is currently rented for $100 a month. The potential rental income is $27,540 which includes the garage rental. Expenses for the property are estimated at $11,039 giving the property a NOI of $15,124 figuring a vacancy rate of 5%. The list price cap rate is 10.4% and the cash on cash return is 20.2% which is based on 20% down with a 25 year amortization schedule at 5.5%. Building price details: $139,000.
Property Details
- Type: Multifamily
- Status: Available
- Year Built: 1900
- MSA: Pittsfield
- Zoning: RESIDENTIAL
- Buildings: 1
- Broadband Internet: Cable, DSL
- ConstructionWood Frame
Exterior Features
- Parking: Yes
- Parking Spaces: 6
- Parking Type: Surface
Terms
- Cash to Seller
Agent
Michael A. Sorrentino
413-637-8006 [Office]