46 Madison Ave, Pittsfield, MA 01201

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Building Details:

• Year Built: 1900

46 Madison Ave is located in Pittsfield, MA.

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 $27,540 which includes the garage rental. Expenses for the property are $9,845 giving the property a NOI of $16,318 figuring a vacancy rate of 5%. The cash on cash return is 19.9% based on 20% down with a 25 year amortization schedule at 6.5%. The before tax IRR at a projected sale price cap rate of 11 could be 25.9%.