106 Howland Ave. is amulti-family property for lease in Adams, MA.
Fourteen unit apartment building with all one bedroom units. All tenants pay their own utilities. The Main roof was replaced in 06 and there is all new replacement windows. The back yard parking area gives the tenants plenty of off street parking. All apartments are in average to good condition. There is a coin-op laundry in the basement which produces about $600 in income a year. The potential rental income is $62,460, expenses are an estimated $16,551 per year giving you an NOI of $43,032 which includes a 5% vacancy factor. At current list price cap rate is 12.2 and the cash on cash return is an estimated 26.6%.
Please describe your commercial real estate requirements. We’ll introduce you to local properties that match your criteria.