Berkshire Country, Massachusetts
Real Estate & Rentals
1-15 Esther Ter, Pittsfield, MA
Multi-Family House
List Price: $685,000
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 portfolio.
Additional Information
Address: 1-15 Esther Ter, Pittsfield, MA
Bedrooms: 24
Total Bathrooms: 12 (12 Full)
Square Feet: 10,211
Year Built: 1880
Listing Date: August 10, 2018
MLS ID#: 224365
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413-743-9000 or Click Here to Contact Us Online
Listed By Jan Perry Realty & Associates, Llc
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