45-47 Circular Av. , Pittsfield, MA 01201(Berkshire County)

0.42 Acres in Pittsfield, MA - $159,000

Four family with separate utilities gas heat and hot water with plenty of off street parking and a six bay garage for added income. Sale includes two vacant lots that are numbers 4 & 5 on assessors map. At list price the cap rate is 17% if all of the apartments are full along with the six garage stalls. The cash on cash return is 45.7% with 20% down at list price and mortgage terms of 5.5% interest for 20 years. One apartment is currently vacant but will be rented soon after repairs are complete.