Real Estate - Pittsfield - 1-15 Esther Ter, Pittsfield, MA
1-15 Esther Ter, Pittsfield, MA
Berkshire - Central     Pittsfield     01201

Year Built: 1880
Status: Closed
Sq. Ft: 28,314.00
Lot Size: 0.07 Acres
About This Property

The Esther Terrace portfolio consists of six 2-family homes and anadditional 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

Land DetailsCommunity Details
Acres Apx: 0.07
Region: Berkshire - Central
Exterior DetailsInterior Details
Construction: Wood Frame
Fuel: Nat Gas,Oil
Hot Water: Electric
Electric: 100 Amp
Heat/Cool: Forced Air,Steam

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MLS #: 226010
Rebecca Weeks
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Call (413) 441-9109