Detailed information about multi-family property which situated in Pittsfield (1201) city, Massachusetts state on 110-118 Lincoln St..
Additional Information: A total of 12 apartments in three buildings on one lot located at 110-118 Lincoln St and 18-24 Cherry St. All of the apartments have lead compliant certificates. The three buildings contain four apartments each with all of tenants paying their own utilities except two that are getting the electric paid for, Of the 12 apartments six are on leases of which five are Section 8. The building at 118 Lincoln St. has been totally rehabbed due to a fire. An addition lot that is used for parking will be conveyed with the sale. Current potential income is $96,144 with expenses being $24,866, giving the property a NOI of $66,471 figuring in a 5% vacancy factor which represents a 13.3 cap. The estimated cash on cash return before taxes is 32.6% based on 20% down with a 25 year amortization schedule at 6.5%.
Property Address: 110-118 Lincoln St., Pittsfield MA 1201
Cost: $499,000NOTE: Please contact with Michael A. Sorrentino if you want to get more accurate details about pricing and availability of multi-family property For sale.
multi-family property details
All information about multi-family property For sale that located on 110-118 Lincoln St., Pittsfield, MA 1201 was obtained from reliable sources, but we cannot guarantee that all data about pricing, details of the building and property was completed without error or has not been changed without notice or withdrawal without notice. If you want to get complete and actual information, please contact with agents.
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