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

Berkshire & Columbia County Real Estate Agency

[email protected]

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

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

More Information MLS# 226010

Contract Information

Current Price: $675,000 Status: Closed List Date: 2018-08-09 Sold Price: $675,000 Original List Price: 685000 Limited Service: No Agent Interest: None

Location Tax Legal

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

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 Sold Price: $675,000

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 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

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.

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