43 W Center St APT 4, Lee, MA 01238

Four family in average condition with a very good rental history priced below town assessed value of $176,700. Building is located within a short walk to stores and is on the public bus line. The building has a coin-op laundry in the basement for added income. The current Potential Rental Income is $24,900, expenses are $10,434. Figuring in a 5% vacancy factor the current NOI is $13,702 which represents about a 9.8% cap rate at list price and a 18.8% cash on cash return based on 20% down plus closing costs.