$1,300,000
147 8th St
New Bedford, MA, 02740
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.
Property Details
Price:
$1,300,000
MLS #:
73269285
Status:
Pending
Beds:
17
Baths:
7.5
Address:
147 8th St
Type:
Multi Family
Subtype:
5+ Family – Rooming House
Neighborhood:
Center
City:
New Bedford
Listed Date:
Jul 25, 2024
State:
MA
Finished Sq Ft:
5,729
Total Sq Ft:
5,729
ZIP:
02740
Lot Size:
4,356 sqft / 0.10 acres (approx)
Year Built:
1870
Units:
17
Schools
Interior
Appliances
Microwave, Refrigerator
Bathrooms
7 Full Bathrooms, 1 Half Bathroom
Flooring
Wood, Varies
Heating
Hot Water, Natural Gas
Laundry Features
Washer Hookup
Exterior
Community Features
Public Transportation, Shopping, Highway Access, House of Worship, Marina, Private School, Public School
Construction Materials
Frame
Exterior Features
Rain Gutters
Roof
Shingle
Financial
Tax Year
2024
Taxes
$6,119
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of Clockhouse Realty. The property listing data and information 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 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 set forth herein.
147 8th St
New Bedford, MA
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