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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
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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]

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