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...
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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