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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
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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]

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