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24-28 Frontage St, Westport MA 02790

$850,000

Estimated $1,669.85/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $212,500

Total Rent: 67800/year

Estimated CAP Rate: 6.62%

6 Bedrooms

4 Full Baths

3,120 SqFt

Total Parking: 8

37,200 SqFt

Introducing 24-28 Frontage Street, a lucrative investment opportunity with a 6.83% cap rate. This unique four-family property stands as a prime asset for savvy investors looking to capitalize on the high demand for rental units in the area.Home features 4 updated rental units, new roof, vinyl windows, paved off street parking for all tenants, coin operated laundry unit & maintenance free exterior all on a ¾ acre lot. Each of the four units are designed for maximum efficiency and tenant comfort, with layouts optimized for rental income generation. 3 of the 4 units boast 2 bedrooms, 1 bath, spacious living rooms, updated kitchens and dining areas. The 4th unit features 1 bedroom, 1 bath, an updated kitchen, living room and dining area.Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a solid entry into the real estate market, 24-28 Frontage Street presents an enticing opportunity for financial growth and long-term wealth accumulation.

This home has been viewed 153 times

Last Checked: October 7th, 2024 at 4:24pm (Source: MLS PIN #73222320)

Gross Income: $67,800

Gross Expenses: $11,509

Net Income Calc: $56,291

CAP Rate: 6.62%

Annual Expenses for 24-28 Frontage St, Westport MA 02790

Total Gross Expenses (Calculated)$11,509/year

APOD AvailableYes

Heating

Electricity$1,400

Water

Gas

Insurance$3,000

Sewer

Trash Removal$1,350

Repair & Maintenance$1,800

Management

Miscellaneous$460

Real Estate Tax$3,499

Annual Income & Unit Breakdown for 24-28 Frontage St, Westport MA 02790

Total Gross Income (Calculated)$67,800

Unit 1

Rental Income$1,500

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 2

Rental Income$1,450

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 3

Rental Income$1,400

Lease

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 4

Rental Income$1,300

Lease

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesNo

General Information for 24-28 Frontage St, Westport MA 02790

Listing ID73222320

Property TypeMulti Family / 4 Family

Price$850,000 ($272.44/SqFt)

Style4 Family - 4 Units Up/down

CityWestport

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total3,120 SqFt

Approximate Lot Size (Acres)0.85 acres

Total Parking8

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesNo

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningR1

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 24-28 Frontage St, Westport MA 02790

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$8,010

Total Gross Income By Broker$67,800

Total Net Income By Broker$59,790

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 24-28 Frontage St, Westport MA 02790

Real Estate Taxes$3,499

Tax Year2024

Assessed Value$452,600

Financial Data SourceOwner

Total Gross Expenses By Broker$8,010

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$67,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$59,790

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.62%

Location Information for 24-28 Frontage St, Westport MA 02790

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesNo

Contact Information for 24-28 Frontage St, Westport MA 02790

Agent

Name: Jennifer DaPonte

Office

Name: Berkshire Hathaway HomeServices Robert Paul Properties

Phone: 508-991-6661

Payment Calculator

, Interest

Property Taxes 291.58

Principal & Interest 5237.43

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Robert Paul Properties

Jennifer DaPonte

Agent Phone

Office Phone

(508) 991-6661

Text Agent Call Agent Call Office

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EXIT

Withdrawn

24-28 Frontage St, Westport MA 02790

$850,000

Annual Expenses for 24-28 Frontage St, Westport MA 02790

Annual Income & Unit Breakdown for 24-28 Frontage St, Westport MA 02790

General Information for 24-28 Frontage St, Westport MA 02790

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Location Information for 24-28 Frontage St, Westport MA 02790

Contact Information for 24-28 Frontage St, Westport MA 02790

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Berkshire Hathaway HomeServices Robert Paul Properties

Jennifer DaPonte