NOT LISTED FOR SALE

131 Chestnut St North Attleboro, MA 02760

32 Beds
16 Baths
13,664 Sq Ft
0.8 Acres

Last Sold May 30, 2024

Last sale price $3,575,000 $262 Per Sq Ft

20 Days on Market

Highlights

  • Property is near public transit
  • Park
  • Heating Available
  • Jogging Path
  • Shops

About This Home

As of May 2024

131 Chestnut Street consists of two adjacent buildings with (16) 2-Bed/1-Bath units. Majority of the units have been renovated with new kitchens featuring quartz or granite countertops and stainless-steel appliances. The units also have new floors (hardwood, vinyl plank and carpet), updated bathrooms and in-wall AC units. Additionally, the Property features a laundry facility in each building, on-site storage lockers for tenants, and approximately 40 parking spaces. Building "A" was re-built within the past 10 years. The Property is separately metered for electric heat (baseboard) and hot water, which the tenants pay directly. The Landlord is responsible for common area electric and domestic water and sewer. The majority of the tenants are "Tenant at Will" and pay below market rents, providing the opportunity to increase rents to market rates immediately. The subject property is ideal for a potential buyer looking for income growth and strong investment returns with significant upside

Last Agent to Sell the Property

John Pentore

Horvath & Tremblay Listed on: 02/20/2024

Last Buyer's Agent

John Pentore

Horvath & Tremblay Listed on: 02/20/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,793

Year Built

  • Built in 1969

Lot Details

  • 0.8 Acre Lot

Home Design

  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 13,664 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 16 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 40 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Heating Available
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $27,165
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 2869817

Community Details

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Operating Expense $107,756
  • Net Operating Income $222,064

Additional Features

  • 16 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,793

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Side by Side
  • Year Built: 1969
  • Buyer Agency: 1.75%
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 2

Interior Features

  • Fireplace YN: No
  • Appliances: Washer, Dryer
  • Total Bedrooms: 32
  • Full Bathrooms: 16
  • Total Bathrooms: 16
  • Total Bathrooms: 16
  • Living Area: 13664
  • Spa YN: No
  • Stories Total: 2
  • MAIN LO: AN2723
  • LIST PRICE PER Sq Ft: 274.44
  • PRICE PER Sq Ft: 261.64
  • MAIN SO: AN2723

Exterior Features

  • Foundation Details: Block
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 40

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Electric: Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, Private School, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 2869817
  • Zoning: C30
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.8
  • Lot Size Area: 0.8
  • Lot Size Sq Ft: 34848
  • Lot Size Units: Acres
  • PAGE: 214
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 24
  • Tax Annual Amount: 29793
  • Tax Book Number: 26481

Multi Family

  • Gross Income: 329820
  • Net Operating Income: 222064
  • Number Of Units Total: 16
  • Operating Expense: 107756
  • Total Actual Rent: 27165
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $3,575,000 -4.7% $262 / Sq Ft
03/12/2024 03/12/24 Pending -- -- --
02/20/2024 02/20/24 For Sale $3,750,000 -- $274 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Pentore

    Seller's Agent in 2024

    John Pentore

    Horvath & Tremblay

    (781) 484-8166

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73203934

MLS Property Information Network (MLS PIN)

Massachusetts Bristol County North Attleborough

131 Chestnut St, North Attleborough, MA

This home is located at 131 Chestnut St, North Attleboro, MA 02760 since 20 February 2024. This property was built in 1969. 131 Chestnut St is a home located in Bristol County with nearby schools including North Attleboro High School, Cadence Academy Preschool - North Attleborough, and Bishop Feehan High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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