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4 Housatonic St, Lenox, MA 01240

$525,000
Property Type: Commercial Square Footage: 7,813 Lot Size (sq. ft.): 4,368 Status: Closed
Current Price: $525,000 List Date: 6/29/2019 Last Modified: 9/05/2024

Description

One of the best-looking buildings on Main Street and fully occupied. The first floor of the building has three commercial spaces. The second and third floors have one big apartment each both with two full baths. The rent for the two apartments includes electric but they pay there own heat. At the current cash flow, the list price cap rate is 9.9% figuring a 5% vacancy factor. The cash on cash return is 16.5% with a 5.25% mortgage amortized over 20 years.

More Information MLS# 227779

Contract Information

Current Price: $525,000 Status: Closed List Date: 2019-06-28 Sold Price: $525,000 Original List Price: 525000 Limited Service: No Agent Interest: None

Location Tax Legal

Registry: Middle Registry Street #: 4 Street Name: Housatonic Street Ext: St State/Province: MA Postal Code: 01240 Map Ref: M:43 L:172

General Property Description

Realtor.COM Type: Commercial Sq Ft Liv Apx: 7813 Total # Bedrooms: 6 Parking Spaces Type: On-Street Year Built Apx: 1905 Year Built Source: Assessor Lot Square Footage: 4356 Acres Apx: 0.1 Lot Size SqFt: 4368 Sq Ft Source: Assessor Betterment: No

Status Change Info

Status Change Date: 2019-09-04 Under Contract Date: 2019-07-03 Contingent: No Sold Date: 2019-09-04 Sold Price: $525,000

Curb Cuts

Curb Cuts: 1

Building Info

Electric Meters #: 3 Heating Sys #: 4 Hot Wtr Sys #: 1 Offices #: 1 Storefronts #: 3

Bathrooms

# 1/2 Bath: 3 # Full Bath: 4

Interior Amenities

Other: AC on First Floor

Property Features

Business Type: Mixed; Retail Underground Oil Tank: No Water: Public Sewer: Public Right to Farm Comm: No Lot Description: Corner; Paved Drive Electric Type: 200 Amp; Circuit Breaker Interior Amenities: Air Cond; Alarm System Internet Service: Cable Available Exterior Amenities: Bus-Public; Storm Sewer Energy Features: ProgramThermostat; Storm Windows Construction: Masonry Roof: Asphalt; Fiberglass; Other Basement: Bulk head; Concrete Floor; Dirt Floor; Full; Unfinished Features: Attic Fuel: Nat Gas Hot Water: Nat Gas; Rental Insulation: Unknown Lead Paint: Unk Zoning: Business Seller Disc: No Appliances Included: Dishwasher; Range; Refrigerator Financing: Cash Possession: To Be Determined
Listing Office: CENTURY 21 HOMETOWN ASSOCIATES (LENOX)
Listing Agent: Michael Sorrentino
Last Updated: September - 05 - 2024
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