NOT LISTED FOR SALE
12 Beds
6 Baths
4,542 Sq Ft
3,459 Sq Ft Lot

Last Sold March 20, 2024

Last sale price $680,000 $150 Per Sq Ft

5 Days on Market

Highlights

  • Marina
  • Property is near public transit
  • Porch
  • Medical Services
  • Jogging Path
  • 2-minute walk to Loretta Bourque Park

About This Home

As of March 2024

Turnkey cash-flowing asset ready to be added to your portfolio! All tenants in place for at least one year. Rents slightly below market which leaves room for value-add. The current owner has added a quality camera system to enhance security and management capabilities. Current management company has been in place since 2021 and is willing to continue with the new owner. This is a great property in a great location. Close to the ocean, Cisco Brewers-New Bedford, Downtown, and more. New Bedford is growing. Lock this asset up before the Train goes into service. You don't want to miss this!First Open House will be held this coming Tuesday, 2/6 from 2-3pm.

Last Agent to Sell the Property

Adam Jaspon

Choose Boston, LLC Listed on: 02/01/2024

Last Buyer's Agent

Nina Weeks

Milbury and Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,239

Year Built

  • Built in 1909

Lot Details

  • 3,459

Parking

  • Open Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,542 Sq Ft Home
  • Living Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Separate Meters

Additional Features

  • Porch
  • 3,459 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $6,000
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number 1592,2884501

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $336
  • Insurance Expense $5,100
  • Water Sewer Expense $2,400
  • Operating Expense $18,974
  • Net Operating Income $53,026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,239

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1909
  • Buyer Agency: 2
  • Transaction Broker: 2
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Tile, Carpet
  • Interior Amenities: Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 12
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full, Unfinished
  • Living Area: 4542
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN5445
  • LIST PRICE PER Sq Ft: 148.61
  • PRICE PER Sq Ft: 149.71
  • MAIN SO: A95340

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, 1/2 to 1 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Natural Gas
  • Cooling Y N: No
  • Electric: Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 6
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Marina, Public School, T-Station, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2400

Lot Info

  • Parcel Number: 1592,2884501
  • Zoning: RC
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3459
  • Lot Size Units: Acres
  • PAGE: 232
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5238.71
  • Tax Book Number: 13598

Multi Family

  • Electric Expense: 336
  • Gross Income: 72000
  • Insurance Expense: 5100
  • Net Operating Income: 53026
  • Number Of Units Total: 6
  • Operating Expense: 18974
  • Total Actual Rent: 6000
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • 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
03/20/2024 03/20/24 Sold $680,000 +0.7% $150 / Sq Ft
02/07/2024 02/07/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $675,000 +73.1% $149 / Sq Ft
01/13/2021 01/13/21 Sold $390,000 -4.9% $86 / Sq Ft
12/11/2020 12/11/20 Pending -- -- --
12/09/2020 12/09/20 For Sale $409,900 0.0% $90 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
11/12/2020 11/12/20 For Sale $409,900 +331.5% $90 / Sq Ft
07/27/2012 07/27/12 Sold $95,000 -13.6% $21 / Sq Ft
06/27/2012 06/27/12 Pending -- -- --
06/08/2012 06/08/12 For Sale $109,900 -- $24 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73198738

MLS Property Information Network (MLS PIN)