1-15 Esther Ter, Pittsfield, MA 01201 (MLS# 226010)

1-15 Esther Ter, Pittsfield, MA 01201

$675,000

Property Type: Commercial Square Footage: 1,968 Lot Size (sq. ft.): 3,167 Status: Closed

Current Price: $675,000 List Date: 2/19/2019 Last Modified: 9/05/2024

Overview

Description

The Esther Terrace portfolio consists of six 2-family homes and an additional lot used for parking, which could allow for another 2 family to be built (buyer to verify). At list price and current rent roll, this portfolio nets a 9% cap rate, though with an upcoming revenue increase of $6,000 annually, that percentage will rise. Many recent improvements including landscaping, siding of one home, new paint, new carpet, and updating kitchens in many of the units. Most recently a water meter has been installed in 1 property resulting in $100 savings in water cost after the first quarter ($400 annually); adding meters to the remaining properties may result in similar savings. The units are 100% occupied and are easy to market and fill.Please note #10 and #14 Esther are not in this portf

Listing Details MLS# 226010

Location, Tax & Legal

Registry: Middle Registry
Street #: 1-15
Street Name: Esther
Street Ext: Ter
State/Province: MA
Postal Code: 01201

Contract Information

Original List Price: 685000
Limited Service: No
Agent Interest: None

General Property Description

Realtor.COM Type: Commercial
Sq Ft Liv Apx: 1968
Parking Spaces Type: Off Street
Year Built Apx: 1880
Year Built Source: Assessor
Lot Square Footage: 28314
Acres Apx: 0.07
Lot Size SqFt: 3167
Sq Ft Source: Assessor
Betterment: No

Status Change Info

Status Change Date: 2019-06-28
Under Contract Date: 2019-04-01
Contingent: Yes
Sold Date: 2019-06-28

Bathrooms

# Full Bath: 12

More Information

Property Features

Business Type: Rental Underground Oil Tank: No Water: Public Sewer: Public Right to Farm Comm: Yes Electric Type: 100 Amp Internet Service: Cable Available; DSL Available; Satellite Available Construction: Wood Frame Roof: Asphalt; Fiberglass Basement: Dirt Floor Fuel: Nat Gas; Oil Hot Water: Electric Lead Paint: Unk Seller Disc: No Appliances Included: Range; Refrigerator Financing: Conventional Possession: Close Of Escrow

Documents

Lead Paint Disclosure ›

Listing Office: JAN PERRY REALTY & ASSOCIATES, LLC

Listing Agent: Rebecca Weeks

Last Updated: September - 05 - 2024

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