$1,300,000 ($226.92 per sqft)

Est. Mortgage $6,403/mo *

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147 8th St, New Bedford, (Center), MA, 02740

147 8th St, New Bedford, (Center), MA, 02740
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23 rooms

17 beds

7 Full / 1 Half baths

1870

5,729 sqft

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.

Status:

Active

Town:

New Bedford

Type:

Multi-family

Laundry Remarks:

Washer Hookup

Units:

17

Zoning:

MUB

Heating:

Hot Water, Natural Gas

Basement:

Full, Interior Entry, Concrete

Levels:

3

Acreage:

0.1

Est. Taxes:

$6,119

Assessment

$509,900

Construction

Frame

Utilities

Washer Hookup

Lot Description:

Cleared, Gentle Sloping

Amenities:

Public Transportation, Shopping, Highway Access, House of Worship, Marina, Private School, Public School

Appliances:

Microwave, Refrigerator

MLS #:

73269285

Compensation Based On:

Net Sale Price

Sub-Agency Relationship Offered:

No

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Janice Hathaway, Venture Phone: 617-340-9770