LOT 9 West Maple Street Adams — Photo 1 of 9
$695,000
Investment Analysis — LOT 9 West Maple Street
Adams, MA 01220
Based on HUD Small Area Fair Market Rent for Pittsfield, MA HUD Metro FMR Area, a home in 01220 carries an estimated $1,070/mo in gross rent — about a 1.18% cap rate and $8,203/yr in estimated NOI at the $695,000 list price. Adjust every assumption in the calculator below.
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Investors take Notice!! Just about 8.3 acres with 360 degree of views. Architectural designs done in 2004 with the intent to construct up to 16 condominiums (2 per building) approved by the town. Current owner has already installed a 20 ft wide 640 ft length paved driveway. Utility hookups to each proposed building (electric, gas, and fiber optic cable) have been done. Hookups to each of the eight buildings for public water and sewer are also done. This could also be used for possibly a tiny home development, apartment buildings, single family home or divided into separate lots with town approval . If you're looking for paradise, it's right here. Owner is motivated to sell! The source of all representations are from the seller or a public source; broker has not verified same. It is recommended that buyer independently verify all information.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
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Listing Agent: Debra Trzcinski
Listing Office: Steepleview Realty - Mass
MLS® Number: 73492929
