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Stone House Properties LLC Sells 12-Acre Land Parcel In Lenox, MA For $1.875M
SOLD
$1,875,000
Massachusetts
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Sold
SOLD
Stone House Properties LLC Sells 12-Acre Land Parcel In Lenox, MA For $1.875M
79 Reservoir Road
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Sold
Summary
MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale
A 12-acre parcel of land located at 79 Reservoir Road in Lenox, MA, has been sold for a total of $1,875,000. The transaction was facilitated by brokers Elisha Poirier and Nikki Carchedi of Stone House Properties LLC.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,875,000
- Address: 79 Reservoir Road, Lenox, MA
- Market: Lenox, MA
- Asset Type: Land
- ACRES: 12
Elisha Poirier and Nikki Carchedi of Stone House Properties LLC acted as the brokers in this transaction. They played a crucial role in facilitating the sale of the 12-acre parcel of land located at 79 Reservoir Road in Lenox, MA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$100,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,661.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,888.46
Annual Debt Service$106,661.48
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