1-15 Esther Ter, Pittsfield, MA 01201 (MLS# 224351)


$685,000
1-15 Esther Ter
Pittsfield, MA 01201
MLS# 224351
1968 sqft


1-15 Esther Ter, Pittsfield, MA 01201
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Property 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

Details
Documents
Contract Information
Current Price: $685,000
List Price: $685,000
Original List Price: 685000
Side Agreement: 1
Limited Service: No
Possession: At Closing
Agent Interest: None
Location, Tax & Legal
Region: Berkshire - Central
Street #: 1-15
Street Name: Esther
Street Ext: Ter
State/Province: MA
Postal Code: 01201
Assess Amt: 79100
Assessed Year: 2018
Taxes: 1583
Tax Year: 2018
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: Active
Status Change Date: 2018-08-09
Remarks & Misc
Directions: Fenn Street to Esther Terrace. Esther Terrace is a dead-end street. The homes are all located on the right hand side.
Marketing/Headline: Six 2-family homes located on a dead-end street
Bathrooms
# Full Bath: 12
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
Heat/Cool: Forced Air; Steam
Fuel: Nat Gas; Oil
Hot Water: Electric
Lead Paint: Unk
Seller Disc: No
Appliances Included: Range/Stove; Refrigerator

Listing Office: JAN PERRY REALTY & ASSOCIATES, LLC

Listing Agent: Rebecca Oberwager

Last Updated: August - 27 - 2018

Information from the Berkshire County Board of Realtors, Inc. or it's Multiple Listing Service. Site contains live data. Information herein believed to be accurate, but not warranted. All right, title and interest in the exclusively listed property information represented on this website was created, maintained and copyrighted by the Berkshire County Board of Realtors® and in copyrights therein, hall at all times remain vested in the Berkshire County Board of Realtors®. As a Participant of theBerkshire County Multiple Listing Service, this company was granted a lease to use this information in accordance with all rules and regulations of the Service. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Saturday 15th of December 2018 11:27 PM

United Country Property Events 55 West Housatonic Street, Pittsfield, MA 01201 413-442-9977 Licensed in Massachusetts and New York