1-15 Esther Ter, Pittsfield, MA 01201 (MLS# 224365)


$685,000
1-15 Esther Ter
Pittsfield, MA 01201
MLS# 224365
24 beds  |  12 baths  |  10211 sqft


1-15 Esther Ter, Pittsfield, MA 01201
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Property 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.

Details
Documents
Contract Information
Current Price: $685,000
List Price: $685,000
Original List Price: 685000
Side Agreement: 1
Limited Service: No
Possession: At closing
Agent Interest: None
Location, Tax & Legal
Region: Berkshire - Central
Street #: 1-15
Street Name: Esther
Street Ext: Ter
State/Province: MA
Postal Code: 01201
Elem School: Morningside Comm
Middle School: Theodore Herberg
High School: Pittsfield
Taxes: 9173
Tax Year: 2017
General Property Description
Realtor.COM Type: Multi-Family
Sq Ft Liv Apx: 10211
Sq Ft Source: Assessor
Total Rooms: 36
Total Bedrooms: 24
Total Full Baths: 12
Total Bathrooms: 12
Parking Spaces Type: Off Street
Unit Style: Duplex
Year Built Apx: 1880
Year Built Source: Assessor
Lot Size Dimensions: Varies
Acres Apx: 0.65
Lot Size SqFt: 28314
Status Change Info
Status: Active
Status Change Date: 2018-08-10
Remarks & Misc
Directions: Fenn Street to Esther Terrace. Esther Terrace is a dead-end street. The homes are all located on the right hand side.
Building Info
Exterior Color: Varies
Heating Sys #
Heating Sys #: 12
Hot Wtr Sys #
Hot Wtr Sys#: 12
Property Features
No of Units: 2 Family Dup
Restrict Covenants: Unk
Title V: Not Applicable
Underground Oil Tank: Unk
Water: Public
Sewer: Public
Right to Farm Comm: Yes
Flood Hazard Area: Yes
Incl in Rent: Parking; Trash Removal
Views: Water
Waterfront: Close to Water
Electric Type: 100 Amp
Style: Colonial
Interior Amenities: Cable Avail; Pets Allowed
Construction: Wood Frame
Condition: Recently Renovated
Exterior Siding: Vinyl
Roof: Asphalt/Fiberglass
Basement: Dirt Floor
Floor: Carpet; Linoleum; Wood
Garage: None
Heat/Cool/Vent: Forced Air; Steam
Fuel: Nat Gas; Oil
Hot Water: Electric
Lead Paint: Unk
Zoning: Other
Seller Disc: No

Listing Office: JAN PERRY REALTY & ASSOCIATES, LLC

Listing Agent: Rebecca Oberwager

Last Updated: August - 10 - 2018

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Wednesday 22nd of August 2018 05:46 AM