Duplex with Large Garage & Strong Rent Roll | 499 South St
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Duplex with Large Garage & Strong Rent Roll 499 South St
2 Unit Apartment Building $299,900 ($149,950/Unit) 13.80% Cap Rate Pittsfield, MA 01201
EXECUTIVE SUMMARY
This fully occupied duplex offers solid cash flow potential at an affordable price point of $299,900. Situated on nearly half an acre, the property includes a massive three-car garage with a single bay door, providing additional income potential through storage or rental use. Both units are currently rented, offering immediate income, and the property has room for value-add improvements over time. The duplex presents an excellent opportunity for investors to enhance rental potential and overall value through thoughtful updates while maintaining occupancy. With its combination of built-in rental income, a large outbuilding with flexible uses, and a competitive price, this property is an attractive addition to any investment portfolio.
RENT ROLL
Unit 1: 3bed 1.5bath $1,950
Unit 2: 3bed 1bath $1,200
Garage & Yard: $1,000 - Currently occupied by owner, willing to commit to 1 year lease
Advertised cap rate and NOI are approximations - buyer must do their own due diligence prior to sale.
RENT ROLL
Unit 1: 3bed 1.5bath $1,950
Unit 2: 3bed 1bath $1,200
Garage & Yard: $1,000 - Currently occupied by owner, willing to commit to 1 year lease
Advertised cap rate and NOI are approximations - buyer must do their own due diligence prior to sale.
PROPERTY FACTS
| Price | $299,900 | Apartment Style | Low Rise |
| Price Per Unit | $149,950 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.47 AC |
| Cap Rate | 13.80% | Building Size | 2,646 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1904 |
| Price | $299,900 |
| Price Per Unit | $149,950 |
| Sale Type | Investment |
| Cap Rate | 13.80% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 2,646 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1904 |
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Smoke Detector
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ZONING
| Zoning Code | RM (Residential use / thick development) |
| RM (Residential use / thick development) |
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Duplex with Large Garage & Strong Rent Roll | 499 South St
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