Overview Property Details Payment Calculator Walkability

Closed

242 Walnut Street, New Bedford MA 02740

$550,000

Estimated $1,245.82/month Calculator

Multi Family

Total Units: 11

Price Per Unit: $50,000

Total Rent: 28356/year

Estimated CAP Rate: -1.24%

11 Bedrooms

3 Full, 2 Half Baths

4,325 SqFt

Total Parking: 6 (2 Garage)

5,872 SqFt

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 wind...

This home has been viewed 20 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

CAP Rate: -1.24%

Beach Front

Annual Expenses for 242 Walnut Street, New Bedford MA 02740

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

APOD AvailableYes

Heating

Electricity$5,305

Water$2,346

Gas$2,346

Insurance$4,629

Sewer$2,346

Trash Removal$2,035

Repair & Maintenance

Management

Miscellaneous$11,179

Real Estate Tax$4,248

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

Total Gross Income (Calculated)$28,356

Unit 1

Rental Income$900

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesElectric, Gas, Water, Unit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

Unit 2

Rental Income$823

LeaseN

Bedrooms1

Bathrooms

Floor1

Levels in Unit1

HeatingNo

Rent IncludesElectric, Gas, Water, Unit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms

Floor1

Levels in Unit1

HeatingNo

Rent IncludesElectric, Gas, Water, Unit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

Unit 4

Rental Income$640

LeaseN

Bedrooms1

Bathrooms

Floor2

Levels in Unit1

HeatingNo

Rent IncludesElectric, Gas, Water, Unit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

General Information for 242 Walnut Street, New Bedford MA 02740

Listing ID73078278

Property TypeMulti Family

Price$550,000 ($127.17/SqFt)

Style5+ Family - Rooming House

CityNew Bedford

CountyBristol

MLS AreaCenter

Neighborhood(s)

Approximate Living Area Total4,325 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking6 (2 Garage)

Garage Parking2 / Detached

Year Built1877

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area

Foundation DescriptionGranite

Accessible Features

Outdoor Space

ZoningRA

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesBay, Ocean, Beach Front, Beach Ownership(public), 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 242 Walnut Street, New Bedford MA 02740

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$32,227

Total Gross Income By Broker$100,100

Total Net Income By Broker$67,873

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1.5

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 242 Walnut Street, New Bedford MA 02740

Real Estate Taxes$4,248

Tax Year2023

Assessed Value$297,300

Financial Data SourceOwner

Total Gross Expenses By Broker$32,227

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$100,100

BostonRealEstate.com Gross Income

Total Net Income By Broker$67,873

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.24%

Location Information for 242 Walnut Street, New Bedford MA 02740

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaCenter

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Medical Facility, Public Transportation, T-station, Marina, Private School

Contact Information for 242 Walnut Street, New Bedford MA 02740

Agent

Name: Janice Hathaway

MLS ID: FR000528

Office ID: AN8181

National Association ID: 453500351

Address: 201 Richmond Street

City: New Bedford

State: MA

Zip: 02740

Office

Name: Venture

MLS Office ID: AN7801

Phone: 617-340-9770

Payment Calculator

$3,742.93 per month

30 Years Fixed, 6.75% Interest

Property Taxes $354.00

Principal & Interest $3,388.93

HOA Dues $0

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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EXIT

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

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Venture

Janice Hathaway