Ignite FB Tracking Pixel147 8th St, New Bedford, MA 02740 - Melanie Frates
RE/MAX Vantage
Melanie Frates, RE/MAX VantagePhone: (954) 270-4485
Email: [email protected]
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listing
1 of 32
MultifamilyFor Sale
$1,300,000
147 8th St
New Bedford, MA 02740
Courtesy of Venture - Janice Hathaway
MLS Property Information Network
17Beds
7Full1Half Baths
5,729Sq Ft
Est. Mortgage
$6,810/mo

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.

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Information courtesy of Venture is subject to verification and is not guaranteed.
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