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Key Details
Sold Price $460,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 2,520 sqft
Price per Sqft $182
MLS Listing ID 72993219
Sold Date 08/22/22
Bedrooms 5
Full Baths 5
Year Built 1927
Annual Tax Amount $5,580
Tax Year 2022
Lot Size 1,742 Sqft
Acres 0.04
Property Description
PROFITABLE income property with "potential for greater income" by bringing the rents up to market rate. Building will be fully rented and cash flowing. Low to no yard maintenance provides a cost savings. Five of the five units are TAW leaving room for increased revenue. Great neighborhood is minutes from RT138 and RT44. rubber roof 2009, Average annual gross income is $52,734, Vacancy allowance of 6% ($3,366) with a current NOI of $43,902 and a cap rate of 9.87%, Building has Full Letter of Lead compliance and will be attached to MLS. Newer windows, Newer vinyl exterior
Location
State MA
County Bristol
Zoning URBRES
Direction gps
Rooms
Basement Crawl Space, Interior Entry
Interior
Interior Features Other (See Remarks)
Flooring Wood, Vinyl, Carpet, Laminate
Appliance Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
Exterior
Community Features Public Transportation, Shopping, Walk/Jog Trails, Highway Access, Public School
Utilities Available for Gas Range, for Electric Range
Roof Type Rubber
Garage No
Building
Lot Description Level, Other
Story 8
Foundation Stone
Sewer Public Sewer
Water Public
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Bought with Gilberto Franco • William Raveis R.E. & Home Services
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Norfolk County, MA
Broker Associate | License ID: 9090789
Broker Associate License ID: 9090789