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Lisa Gaglione

lgaglione@todayrealestate.com +1(617) 224-8863

$ 1,300,000

Est. payment -/mo

Save

Pending

147 8th St New Bedford, MA 02740

17 Beds

7.5 Baths

5,729 SqFt

UPDATED:

09/04/2024 07:28 PM

Key Details

Property Type Multi-Family

Sub Type 5+ Family - Rooming House

Listing Status Pending

Purchase Type For Sale

Square Footage 5,729 sqft

Price per Sqft $226

MLS Listing ID 73269285

Bedrooms 17

Full Baths 7

Half Baths 1

Year Built 1870

Annual Tax Amount $6,119

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Property Description

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. Taunton Federal Credit Union finances rooming houses.

Location

State MA

County Bristol

Area Center

Zoning MUB

Direction At the top of 8th/Mechanic's Lane

Rooms

Basement Full, Interior Entry, Concrete

Interior

Heating Hot Water, Natural Gas

Flooring Wood, Varies

Appliance Microwave, Refrigerator

Laundry Washer Hookup

Exterior

Exterior Feature Rain Gutters

Fence Fenced/Enclosed, Fenced

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

Utilities Available Washer Hookup

Waterfront false

Waterfront Description Beach Front,Ocean,1 to 2 Mile To Beach,Beach Ownership(Public)

Roof Type Shingle

Garage No

Building

Lot Description Cleared, Gentle Sloping

Story 3

Foundation Granite

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Venture

Lisa Gaglione

Agent | License ID: 9586357

+1(617) 224-8863

Lisa Gaglione

147 8th St New Bedford, MA 02740

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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147 8th St