J
Seller's Agent in 2024
John Pentore
Horvath & Tremblay
131 Chestnut St North Attleboro, MA 02760
32
Beds
16
Baths
13,664
Sq Ft
0.8
Acres Lot
Highlights
- Property is near public transit and schools
- Park
- Heating Available
- Jogging Path
- Shops
About This Home
As of May 2024131 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
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
Utilities
- Heating Available
- Separate Meters
Additional Features
- 34,848 Sq Ft Lot
- Property is near public transit and schools
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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $30,514 | $2,588,100 | $704,000 | $1,884,100 |
| 2024 | $29,793 | $2,581,700 | $672,000 | $1,909,700 |
| 2023 | $28,208 | $2,205,500 | $576,000 | $1,629,500 |
| 2022 | $28,612 | $2,054,000 | $528,000 | $1,526,000 |
| 2021 | $21,274 | $1,490,800 | $464,000 | $1,026,800 |
| 2020 | $21,393 | $1,490,800 | $464,000 | $1,026,800 |
| 2019 | $20,936 | $1,470,200 | $464,000 | $1,006,200 |
| 2018 | $18,648 | $1,397,900 | $464,000 | $933,900 |
| 2017 | $17,883 | $1,352,700 | $464,000 | $888,700 |
| 2016 | $16,298 | $1,232,800 | $448,000 | $784,800 |
| 2015 | $14,416 | $1,097,100 | $470,400 | $626,700 |
| 2014 | $14,229 | $1,074,700 | $448,000 | $626,700 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73203934
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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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