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1-15 Esther TerPittsfield, MA 01201MLS Number 224365

  • Price: $685,000The price has recently decreased
  • Est. Mortgage of $/month
  • 70 Days on Market
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Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 4.9% last updated on 2018-10-11

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • $685,000List Price
  • 24Beds
  • 12Baths
  • 0.65Acres
  • 10211Sq Ft

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. Please note #10 and #14 Esther are not in this portfolio.

Listing courtesy of Rebecca Oberwager and Billy Keane of JAN PERRY REALTY & ASSOCIATES, LLC
Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 4.9% last updated on 2018-10-11

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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Call: 413-528-6800 or send a message:

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Your Local Office

Berkshire Property Agents
12 Railroad Street
Great Barrington MA, 01230

Office: 413-528-6800

More Info

Basic Information

  • MLS Number224365
  • List Price$685,000
  • Broker NameJAN PERRY REALTY & ASSOCIATES, LLC

Property

  • Acres0.65
  • Property TypeMultiFamily
  • Parking Spaces
  • Parking Spaces TypeOff Street

Interior

  • Interior FeaturesCable Avail, Pets Allowed
  • BasementDirt Floor

Water Body

  • Has WaterfrontY
  • Water Body TypeClose to Water

Location

  • Building Number1-15
  • StreetEsther
  • Address1-15 Esther Ter
  • CountyBerkshire
  • RegionBerkshire - Central
  • Zip01201
  • StateMA
  • TownPittsfield
  • DirectionsFenn Street to Esther Terrace. Esther Terrace is a dead-end street. The homes are all located on the right hand side.
  • Junior HighTheodore Herberg
  • Elementary SchoolMorningside Comm
  • High SchoolPittsfield

Photos

  • Number of Photos23

Building

  • Beds24
  • Baths12
  • Sq Ft10211
  • Total Rooms36
  • Total Full Baths12
  • Sq Ft SourceAssessor
  • Garage TypeNone
  • Year Built1880
  • ExteriorVinyl
  • Property StyleColonial
  • RoofingAsphalt/Fiberglass

Utilities

  • SewerPublic
  • WaterPublic

Other

  • Date Listed08/10/2018
  • View Count13

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$

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Mortgage Estimate

Down PaymentInterest RateYears
%

$/month over payments

Federal 30-year interest rate: 4.9% last updated on Oct 11, 2018

* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.