This is a fantastic opportunity to own a well maintained, and updated 3 Family in an excellent location! Spacious 3 Bedroom units with updated kitchens, bathrooms, and flooring. All 3 units de-leaded. Fully Rented with great cash flow and is perfect for your next investment property in your portfolio. Property has replacement windows, and vinyl siding. All 3 hot water tanks replaced in the last few years. There are Storage units for tenants in the basement along with a coin-op washer and dryer. The property has a nice size back yard as well! Come check it out Saturday January 21st 11 to 1 by appointment only.
This home has been viewed 26 times
Last Checked: May 7th, 2024 at 1:01am (Source: MLS PIN #73071217)
Gross Income: $40,800
Gross Expenses: $4,765
Net Income Calc: $36,035
CAP Rate: 7.92%
Annual Expenses for 164 Richmond St, New Bedford MA 02740
Total Gross Expenses (Calculated)$4,765/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$4,765
Annual Income & Unit Breakdown for 164 Richmond St, New Bedford MA 02740
Total Gross Income (Calculated)$40,800
Unit 1
Rental Income$1,300
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$1,000
LeaseY
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$1,100
LeaseN
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingNo
Rent Includes
General Information for 164 Richmond St, New Bedford MA 02740
Listing ID73071217
Property TypeMulti Family / 3 Family
Price$454,900 ($137.35/SqFt)
Style3 Family
CityNew Bedford
CountyBristol
MLS Area
Neighborhood(s)
Approximate Living Area Total3,312 SqFt
Approximate Lot Size (Acres)0.09 acres
Total Parking0
Garage Parking
Year Built1913
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesLevel
Foundation Area
Foundation DescriptionOther
Accessible Features
Outdoor Space
ZoningRB
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 164 Richmond St, New Bedford MA 02740
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$40,800
Total Net Income By Broker$40,800
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2
Facilitator Compensation2
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 164 Richmond St, New Bedford MA 02740
Real Estate Taxes$4,765
Tax Year2022
Assessed Value$306,600
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$40,800
BostonRealEstate.com Gross Income
Total Net Income By Broker$40,800
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)7.92%
Location Information for 164 Richmond St, New Bedford MA 02740
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, House Of Worship, Public School, Medical Facility, Laundromat, Public Transportation, Sidewalks
Contact Information for 164 Richmond St, New Bedford MA 02740