Property Listing No Longer Available for Sale

43 West Center St., Lee, MA

Multi-family for Sale - $139,000 - 2,140 Sq. Ft. on 0.09 acres


Property Info

CIMLS#136070
Location
  43 West Center St.
  Lee MA 01238
UpdatedJanuary 24th, 2013
TypeMulti-family
Price$139,000
Building2,140 Sq. Ft.
Land0.09 acres

Property Description

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.


Financials