M
Seller's Agent in 2020
Matthew Andrew
RE/MAX
2 in this area
5 Total Sales
259 Rivet St Unit 265 New Bedford, MA 02744
The South End NeighborhoodEstimated Value: $759,539
12
Beds
8
Baths
7,379
Sq Ft
$103/Sq Ft
Est. Value
About This Home
As of December 2020**ATTENTION INVESTORS** Come check out this incredible 8 Unit CASH COW investment opportunity in the South End of New Bedford! At full occupancy, this building will bring in approximately $84,000 a year! It consists of 2 storefronts and 6-2 bedroom apartments, all in great shape. Property is on a corner lot and has fenced in off street parking behind the building. Exterior siding and roof in good shape. Tenants all pay separate utilities. Each apartment has its own breaker panel in the unit. For heating systems, building has 8 hot water boilers in the basement. This would be a turn key operation for any investor. First showings will begin on Saturday, August 29 at 11am. We will be doing group tours. Call, text, or email list agent if you would like to attend and we will put you on the list.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 3,485
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number M:0030 L:0285
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 18, 1998
Sold by
Oliveira Rose
Bought by
Lima Antonio J and Lima Ana P
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
6.49%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tcs Realty Llc | $530,000 | None Available | |
| Tcs Realty Llc | $530,000 | None Available | |
| Lima Antonio J | $100,000 | -- | |
| Lima Antonio J | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tcs Realty Llc | $362,000 | |
| Closed | Tcs Realty Llc | $362,000 | |
| Previous Owner | Lima Antonio J | $65,500 | |
| Previous Owner | Lima Antonio J | $226,501 | |
| Previous Owner | Lima Antonio J | $67,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/14/2020 12/14/20 | Sold | $530,000 | +6.0% | $72 / Sq Ft |
| 09/03/2020 09/03/20 | Pending | -- | -- | -- |
| 08/21/2020 08/21/20 | For Sale | $499,900 | -- | $68 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | -- | $645,100 | $150,000 | $495,100 |
| 2024 | -- | $550,900 | $89,000 | $461,900 |
| 2023 | $0 | $499,100 | $74,200 | $424,900 |
| 2022 | $0 | $425,000 | $70,500 | $354,500 |
| 2021 | $0 | $340,200 | $66,800 | $273,400 |
| 2020 | $0 | $333,400 | $66,800 | $266,600 |
| 2019 | $0 | $342,700 | $66,800 | $275,900 |
| 2018 | $0 | $329,300 | $66,800 | $262,500 |
| 2017 | -- | $327,400 | $64,900 | $262,500 |
| 2016 | -- | $299,100 | $64,900 | $234,200 |
| 2015 | -- | $299,100 | $64,900 | $234,200 |
| 2014 | -- | $312,700 | $66,800 | $245,900 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Andrew
-
Ronald Oliveira
Buyer's Agent in 2020
Ronald Oliveira
RE/MAX
(508) 733-5931
102 in this area
1,014 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72713592
APN: NEWB-000030-000000-000285
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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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