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Justin Silverio
Pro Member
  • Developer
  • Andover, MA
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Western Massachusetts - 4 Family Wholesale Deal

Justin Silverio
Pro Member
  • Developer
  • Andover, MA
Posted Apr 20 2014, 05:42

I don't know too many investors out in Western Mass so I thought I would post a wholesale deal that I have here on BP. I'm asking $75,000. The projected CAP Rate is 17.0%. Here are the details:

Address: 99-101 John St Pittsfield MA
Property Type: 4-Family
Living Area: 3,744 Sq. Ft.
Lot Size: .19 Acres
Parking Spaces: 8 off street
Details: Unit 1- 1 Bd $600/mo
Unit 2- 2 Bd $700/mo
Unit 3- 3 Bd $850/mo
Unit 4- 4 Bd $1100/mo
Roof: 5 yrs old
Windows: Most need replacing
Heat: 1 unit needs replacing, 1 unit has electric, 1 unit has FHA gas 5 yrs old, 1 unit no heat
Electric: Separate, circuit breakers
Repairs: 1 unit down to studs (has rough electric and plumbing),
2 units currently going through evictions, 1 unit not rented
Town Water/Sewer
Taxes: $2,348

If you're interested in getting more information, please email Will at [email protected]. We can send you our full analysis which includes a Comparative Market Analysis, Interior Pictures, and an Investment Analysis.

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