110 Lincoln St, Pittsfield, MA 01201 (MLS# 189329)

Berkshire & Columbia County Real Estate Agency

[email protected]

110 Lincoln St, Pittsfield, MA 01201

$438,000

Property Type: MultiFamily Square Footage: 12,624 Lot Size (sq. ft.): 15,682 Status: Closed

Current Price: $438,000 List Date: 3/17/2010 Last Modified: 9/02/2024

Description

Current potential income is $94,980 with expenses being $29,266, giving the property a NOI of $60,965 figuring in a 5% vacancy factor which represents a 13.2% cap rate at list price. The estimated cash on cash return before taxes is 35% based on 20% down with a 25 year amortization schedule at 5.5%. A total of 12 apartments in three buildings.

Supplements: Current potential income is $94,980 with expenses being $29,266, giving the property a NOI of $60,965 figuring in a 5% vacancy factor which represents a 12.2% cap rate at list price. The estimated cash on cash return before taxes is 30.2% based on 20% down with a 25 year amortization schedule at 5.5%. 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 unit 24 in which the rent includes the electric. 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.

More Information MLS# 189329

Contract Information

Current Price: $438,000 Status: Closed List Date: 2010-03-17 Sold Price: $438,000 Original List Price: 525000 Limited Service: No Agent Interest: None

Location Tax Legal

Registry: Middle Registry Street #: 110 Street Name: Lincoln Street Ext: St State/Province: MA Postal Code: 01201 Map Ref: M:I10 B:0002 L:007

General Property Description

Realtor.COM Type: Multi-Family Sq Ft Liv Apx: 12624 Sq Ft Source: Assessor Parking Spaces: 6 Unit Style: Other Year Built Apx: 1880 Year Built Source: Assessor Lot Size Dimensions: 15,682 Acres Apx: 0.36 Frontage Apx: 120

Status Change Info

Status Change Date: 2013-05-30 Under Contract Date: 2013-04-02 Contingent: No Sold Date: 2013-05-30 Sold Price: $438,000 Property Use *(Stat): Investment

Building Info

Exterior Color: Yellow

Heating Sys #

Heating Sys #: 12

Hot Wtr Sys #

Hot Wtr Sys#: 12

Hot Wtr Rent #

Hot Wtr Rent #: 5

Electric Meters #

Electric Meters #: 12

Property Features

No of Units: 9 or More Restrict Covenants: No Title V: Not Applicable Underground Oil Tank: Unk Water: Public Sewer: Public Right to Farm Comm: Unk Incl in Rent: Parking; Trash Removal Lot Description: Corner Electric Type: 100 Amp; Circuit Breaker Style: Colonial Interior Amenities: Cable Avail Exterior Amenities: Bus-School; Fenced Yard Construction: Wood Frame Exterior Siding: Vinyl Roof: Asphalt; Fiberglass Basement: Full Floor: Carpet; Linoleum Garage: None Fuel: Nat Gas Hot Water: Nat Gas Insulation: Unknown Lead Paint: Unk Zoning: Residential Seller Disc: No Cert Occupancy: Yes Financing: Conventional Possession: To Be Determined Documents: APOD; Lead Paint Disclosure

Documents

APOD ›

Listing Office: CENTURY 21 HOMETOWN ASSOCIATES (LENOX)

Listing Agent: Michael Sorrentino

Last Updated: September - 02 - 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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