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15 Penniman St, New Bedford MA 02740

$430,000

Estimated $1,014/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $143,333.33

Total Rent: 52200/year

Estimated CAP Rate:

8 Bedrooms

Baths

2950

Total Parking: 6

5,153 (0.12)

3-Family home is located in the Center District of New Bedford and offers off street parking, green space, excellent highway access, and privacy buffers on the North & East sides. This investment is priced to sell and is professionally managed buy the present owner. Present rents are below market and include an on site maintenance manager - The property is not expected to last given its location. All tenants are presently being vacated, the seller is covering all expenses. Rents listed in this listing are based on recent comparable leased units.

This home has been viewed 43 times

Last Checked: May 7th, 2024 at 3:31am (Source: MLS PIN #73072233)

Gross Income: $52,200

Gross Expenses: $3,801

Net Income Calc: $48,399

Water Views

Annual Expenses for 15 Penniman St, New Bedford MA 02740

Total Gross Expenses (Calculated)$3,801/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax3801

Annual Income & Unit Breakdown for 15 Penniman St, New Bedford MA 02740

Total Gross Income (Calculated)$52,200

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 15 Penniman St, New Bedford MA 02740

Listing ID73072233

Property TypeMulti Family / 3 Family

Price430000 ($145.76/SqFt)

Style3 Family

CityNew Bedford

CountyBristol

MLS AreaCenter

Neighborhood(s)

Approximate Living Area Total2950

Approximate Lot Size (Acres)0.12

Total Parking6

Garage Parking0

Year Built1881

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

ZoningMUB

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 15 Penniman St, New Bedford MA 02740

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Property

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Compensation Based OnNet Sale Price

Financial Information for 15 Penniman St, New Bedford MA 02740

Real Estate Taxes3801

Tax Year2023

Assessed Value$266,000

Financial Data Source

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 15 Penniman St, New Bedford MA 02740

Elementary SchoolHayden-Mcfadden

Middle SchoolKeith

High SchoolNbhs

Neighborhood(s)

MLS AreaCenter

Area AmenitiesWalk/jog Trails

Contact Information for 15 Penniman St, New Bedford MA 02740

Agent

Name: Jason P. Lanagan

Office

Name: Lanagan & Co

Phone: 617-848-1240

Payment Calculator

, Interest

Property Taxes 316.75

Principal & Interest 2649.52

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lanagan & Co

Jason P. Lanagan

Agent Phone

Office Phone

(617) 848-1240

Text Agent Call Agent Call Office

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EXIT

23 More Photos

Closed

15 Penniman St, New Bedford MA 02740

$430,000

Annual Expenses for 15 Penniman St, New Bedford MA 02740

Annual Income & Unit Breakdown for 15 Penniman St, New Bedford MA 02740

General Information for 15 Penniman St, New Bedford MA 02740

Disclosures for 15 Penniman St, New Bedford MA 02740

Financial Information for 15 Penniman St, New Bedford MA 02740

Location Information for 15 Penniman St, New Bedford MA 02740

Contact Information for 15 Penniman St, New Bedford MA 02740

Agent

Office

Payment Calculator

Exclusive Listing Agent

Lanagan & Co

Jason P. Lanagan