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110-118 Lincoln St., Pittsfield, MA 01201

Commercial property for sale

  • Description
  • 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 two that are getting the electric paid for, Of the 12 apartments six are on leases of which five are Section 8. 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. Current potential income is $96,144 with expenses being $24,866, giving the property a NOI of $66,471 figuring in a 5% vacancy factor which represents a 13.3 cap. The estimated cash on cash return before taxes is 32.6% based on 20% down with a 25 year amortization schedule at 6.5%. Building price details: $499,000.
  • Property Details
  • Property Type: Multifamily
    Status: Available
    Price: $ 41,583 +/Unit
    Number of Stories: 2
    Year Built: 1880
    MSA: Pittsfield
    Zoning: Residential
    Buildings: 3
    Broadband Internet: Cable, DSL
    Construction: Wood Frame
    Terms: Cash to Seller
    Added: 01/18/2012
    Last Update: 01/04/2013
  • Exterior Features
  • Parking: Yes
    Parking Spaces: 6
  • Contact info
  • 413-637-2323 [Office]
  • Note

  • Details Info about this row that located on 110-118 Lincoln St., Pittsfield, MA 01201 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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