289 Monterey Road Otis — Photo 1 of 42
$150,000
Investment Analysis — 289 Monterey Road
Otis, MA 01253 — West Otis
Based on HUD Small Area Fair Market Rent for Berkshire County, MA (part) HUD Metro FMR Area, a home in 01253 carries an estimated $1,200/mo in gross rent — about a 7.01% cap rate and $10,513/yr in estimated NOI at the $150,000 list price. Adjust every assumption in the calculator below.
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Beautiful 11.46 acre lot with 1,420 ft total road frontage on Route 23 abutting the Otis Ridge and just up the hill from the center of town. Build your home on this quiet lot and you can ski to and from a day of skiing at the Otis Ridge all winter! The relaxing lot has an attractive brook meandering through it lined with beautiful boulders and an existing rustic metal bridge. Oaks, Maples, Woodland Aster, Red Trillium, Ferns, and moss-covered rocks populate this peaceful lot bordered by stone walls. Rustic metal gates with granite pillars lead you onto an old driveway to the back side of the lot. Potential for subdivision subject to town zoning bylaws and Planning Board approval. AT&T Co. easement on property. GPS coordinates 42.19789017°N, -73.10302°W. Property will need site clean up. Seller is not removing personal property or vehicles. To be sold as is.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Listing Agent: Nancy Crandall
Listing Office: Berkshire Hathaway HomeServices Realty Professionals
MLS® Number: 73428557