• Year Built: 1920
43 West Center St. is amulti-family property for lease in Lee, MA.
Four family in average condition with a very good rental history priced below town assessed value of $182,100. 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 $25,380, expenses are $10,467. Figuring in a 4% vacancy factor the current NOI is $14,377 which represents about a 9 cap at list price and a 12.2% cash on cash return based on 20% down.
Please describe your commercial real estate requirements. We’ll introduce you to local properties that match your criteria.