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242 Walnut Street, New Bedford MA 02740

$550,000

Estimated $1,246/month Calculator

Multi Family

Total Units: 11

Price Per Unit: $50,000

Total Rent: 28356/year

Estimated CAP Rate:

11 Bedrooms

Baths

4325

Total Parking: 6 (2 Garage)

5,872 (0.13)

Very distinguished 19th Century Second Empire style home w/granite pillars, Mansard roof ,detached garage & small enc. yard. 11 Unit Rooming House w/3 full and 2 1/2 baths, new sprinkler system (2020), new roof on main house except bump outs,new basement block glass windows, two new gas furnaces and gas hot water tank. Location is central and ideal for easy living lifestyle as conveniences of shopping and transportation, medical and schools and new train station depot nearby. One 3 room apt in rear of house. Owned/managed by seller. Income/Rent Roll sheet available to serious buyers only. Property inspected by BOH 3/1/22. Garage in poor condition (needs work). Please consult with your lender to verify approved lending for rooming house prior to requesting appt. Serious buyers only.

This home has been viewed 44 times

Last Checked: May 7th, 2024 at 12:16am (Source: MLS PIN #73078278)

Gross Income: $28,356

Gross Expenses: $35,175

Net Income Calc: $6,819

Water Views

Annual Expenses for 242 Walnut Street, New Bedford MA 02740

Total Gross Expenses (Calculated)$35,175/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4248

Annual Income & Unit Breakdown for 242 Walnut Street, New Bedford MA 02740

Total Gross Income (Calculated)$28,356

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms1

Bathrooms

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 242 Walnut Street, New Bedford MA 02740

Listing ID73078278

Property TypeMulti Family

Price550000 ($127.17/SqFt)

Style5+ Family - Rooming House

CityNew Bedford

CountyBristol

MLS AreaCenter

Neighborhood(s)

Approximate Living Area Total4325

Approximate Lot Size (Acres)0.13

Total Parking6 (2 Garage)

Garage Parking2

Year Built1877

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRA

Water ViewsNo

Water Views Features

Waterfront FeaturesRiver

Terms

Disclosures for 242 Walnut Street, New Bedford MA 02740

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Personal Property.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1.5

Facilitator Compensation1

Compensation Based OnNet Sale Price

Financial Information for 242 Walnut Street, New Bedford MA 02740

Real Estate Taxes4248

Tax Year2023

Assessed Value$297,300

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 242 Walnut Street, New Bedford MA 02740

Neighborhood(s)

MLS AreaCenter

Area AmenitiesWalk/jog Trails

Contact Information for 242 Walnut Street, New Bedford MA 02740

Agent

Name: Janice Hathaway

Office

Name: Venture

Phone: 617-340-9770

Payment Calculator

, Interest

Property Taxes 354

Principal & Interest 3388.93

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Venture

Janice Hathaway

Agent Phone

Office Phone

(617) 340-9770

Text Agent Call Agent Call Office

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    [unparsed] => 242 Walnut Street, New Bedford MA 02740
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EXIT

29 More Photos

Closed

242 Walnut Street, New Bedford MA 02740

$550,000

Annual Expenses for 242 Walnut Street, New Bedford MA 02740

Annual Income & Unit Breakdown for 242 Walnut Street, New Bedford MA 02740

General Information for 242 Walnut Street, New Bedford MA 02740

Disclosures for 242 Walnut Street, New Bedford MA 02740

Financial Information for 242 Walnut Street, New Bedford MA 02740

Location Information for 242 Walnut Street, New Bedford MA 02740

Contact Information for 242 Walnut Street, New Bedford MA 02740

Agent

Office

Payment Calculator

Exclusive Listing Agent

Venture

Janice Hathaway