$169,000 · PITTSFIELD, MA 01201
Works for flippers

Available

$169,000Asking price

6 bd · 2 ba · 1,878 sq ft · built 1910

PITTSFIELD, MA 01201

Contract on file

via InvestorLift Classic

2 views · listed Oct 30

Works for flippers

The Numbers

Sells for (ARV)From the listing: $280,000
Asking price: −$169,000
RepairsMiddle of the seller’s $10,000 – $40,000. Ours: $25,500 – $53,000: −$25,000
Loan, holding, closing20% down, 12% interest, 2 points, 70 days: −$19,285
Profit23.8% of ARV · flippers want 10%+: $66,715
Works

Works for a flipper up to $205,000.

LEPINSKI PROPERTY GROUP

Nicholas Lepinski

No reviews yet

Comps

ARV $280,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ARV $280,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

LEPINSKI PROPERTY GROUP

Nicholas Lepinski

No reviews yet

Seller Description

OFF-MARKET INVESTMENT OPPORTUNITY – PITTSFIELD, MA!

TWO SEPARATE UNITS | 6 BEDROOMS | LIGHT REHAB | FLIP OR BRRRR!

Check out this incredible investment opportunity in Pittsfield, MA!

This property is currently classified as a single-family home, but it is already physically configured as TWO SEPARATE UNITS, just like a traditional duplex!

PROPERTY HIGHLIGHTS:

-6 bedrooms total!

-2 separate units, each with its own private entrance!

-2 full kitchens – one in each unit!

-Completely separate living spaces – NOT shared living!

-LIGHT REHAB – excellent value-add opportunity!

-Potential to convert to an officially recognized two-family property, subject to municipal approval.

THE OPPORTUNITY:

The property currently has only ONE ELECTRIC METER, which is reportedly a factor in its single-family classification. Adding a second electric meter may be part of the process to obtain official two-family status, subject to city zoning, permitting, and other requirements.

The layout is already there! This could be a fantastic opportunity for an investor looking to FIX & FLIP for a profit or BRRRR, refinance, and hold as a cash-flowing rental!

TWO UNITS. SIX BEDROOMS. TONS OF POTENTIAL!

ACT FAST – DON'T MISS THIS OPPORTUNITY!