46 Madison Ave Pittsfield, MA 01201
Four family in good condition vinyl siding, replacement windows, newer furnaces and electric water heaters. The two car garage is currently rented for $100 a month. The potential rental income is $28,800 which includes the garage rental. Expenses for the property are $9,979 giving the property a NOI of $17,381 figuring a vacancy rate of 5%. The cash on cash return is 17.7% based on 20% down with a 25 year amortization schedule at 6.25%. The before tax IRR at a projected sale price cap rate of 11 could be 20.7%.
- Year Built: 1900
Off Market Units
|46 Madison Ave||--||Off Market||$347,874||8 bd, 4.0 ba||3,238||$107|