147 8th St Active Save Request In-Person Tour Request Virtual Tour
New Bedford,MA 02740
Key Details
Property Type Multi-Family
Sub Type 5+ Family - Rooming House
Listing Status Active
Purchase Type For Sale
Square Footage 5,729 sqft
Price per Sqft $226
MLS Listing ID 73269285
Bedrooms 17
Full Baths 7
Half Baths 1
Year Built 1870
Annual Tax Amount $6,119
Tax Year 2024
Lot Size 4,356 Sqft
Property Description
Fantastic Investment Opportunity! CASH COW!!! $188,000 ANNUAL INCOME! Exceptional investment opportunity with a diverse range of possibilities for usage of this property. Currently operating as a licensed 17 unit rooming house in close proximity to the train station, downtown amenities, shopping, medical, highway, schools & much more! This gorgeous property features 7 1/2 bathrooms, 2, 1-br apartments, 9 full kitchen, (2) coin-op laundry services in basement/Coke machine (as is condition). Brand new sprinkler system, new fire escape, a new 200 amp electric service, roof approx 11 years old, newer heating systems and hot water tanks. Solid/steady rental history - fully occupied as of July 2024 (weekly and monthly incomes). Expense data/rent roll are available upon request. Serious buyers only. Seller anticipates completing a 1031 Tax Exchange of relinquished property. Prospective buyers should consult with their lender(s) prior to making an appointment.
Location
State MA
County Bristol
Area Center
Zoning MUB
Interior
Heating Hot Water,Natural Gas
Flooring Wood,Varies
Laundry Washer Hookup
Exterior
Exterior Feature Rain Gutters
Fence Fenced/Enclosed,Fenced
Community Features Public Transportation,Shopping,Highway Access,House of Worship,Marina,Private School,Public School
Utilities Available Washer Hookup
Waterfront Description Beach Front,Ocean,1 to 2 Mile To Beach,Beach Ownership(Public)
Roof Type Shingle
Building
Lot Description Cleared,Gentle Sloping
Story 3
Foundation Granite
Sewer Public Sewer
Water Public