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358 Elm St, New Bedford MA 02740

$374,900

Estimated $876.07/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $187,450

Total Rent: 31200/year

Estimated CAP Rate: 7.46%

4 Bedrooms

2 Full Baths

1,989 SqFt

Total Parking: 2

8,716 SqFt

Welcome to this freshly remodeled two family home that features 2 - 2 bedroom 1 bath units. It offers a large fully fenced yard (double lot) and off street parking for 2 cars. The property has fresh exterior paint, new windows, new roof, new kitchens with S/S appliances, fresh interior paint, new flooring. All new plumbing. Electrical redone. Unit 2 is rented at $1200/month and has been completed similar to the photos of unit 1. Unit 1will be delivered vacant. The property also office additional storage in the attic area which is shown in the photos but is not counted as living space. OPEN HOUSE scheduled for Saturday & Sunday from 1:00-2:30.

This home has been viewed 23 times

Last Checked: May 7th, 2024 at 4:50am (Source: MLS PIN #73101490)

Gross Income: $31,200

Gross Expenses: $3,218

Net Income Calc: $27,982

CAP Rate: 7.46%

Annual Expenses for 358 Elm St, New Bedford MA 02740

Total Gross Expenses (Calculated)$3,218/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,218

Annual Income & Unit Breakdown for 358 Elm St, New Bedford MA 02740

Total Gross Income (Calculated)$31,200

Unit 1

Rental Income$1,400

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$1,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 358 Elm St, New Bedford MA 02740

Listing ID73101490

Property TypeMulti Family / 2 Family

Price$374,900 ($188.49/SqFt)

Style2 Family - 2 Units Up/down

CityNew Bedford

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total1,989 SqFt

Approximate Lot Size (Acres)0.2 acres

Total Parking2

Garage Parking

Year Built1895

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Cleared

Foundation Area888

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 358 Elm St, New Bedford MA 02740

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure3rd floor not included in total living area.

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceProjected

Total Gross Expenses By Broker$0

Total Gross Income By Broker$31,200

Total Net Income By Broker$31,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 358 Elm St, New Bedford MA 02740

Real Estate Taxes$3,218

Tax Year2022

Assessed Value$207,100

Financial Data SourceProjected

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$31,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$31,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.46%

Location Information for 358 Elm St, New Bedford MA 02740

Elementary SchoolHathaway

Middle SchoolKeith

High SchoolNew Bedford

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Medical Facility, Laundromat, Public Transportation, Sidewalks

Contact Information for 358 Elm St, New Bedford MA 02740

Agent

Name: The Highland Group

Office

Name: Keller Williams South Watuppa

Phone: 508-677-3233

Payment Calculator

, Interest

Property Taxes 268.17

Principal & Interest 2310.01

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams South Watuppa

The Highland Group

Agent Phone

Office Phone

(508) 677-3233

Text Agent Call Agent Call Office

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[year_built] => 1895
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                    [name] => MLS21.jpg
                    [type] => gallery
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                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:00
                    [modified] => 2024-05-07 04:51:00
                )

[21] => Array
                (
                    [id] => 7274408
                    [name] => MLS22.jpg
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                    [index] => 22
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                    [modified] => 2024-05-07 04:51:00
                )

[22] => Array
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                    [name] => MLS23.jpg
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                    [index] => 23
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                    [modified] => 2024-05-07 04:51:00
                )

[23] => Array
                (
                    [id] => 7274410
                    [name] => MLS24.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73101490&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:00
                    [modified] => 2024-05-07 04:51:00
                )

[24] => Array
                (
                    [id] => 7274411
                    [name] => MLS25.jpg
                    [type] => gallery
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                    [index] => 25
                    [enabled] => 1
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                    [modified] => 2024-05-07 04:51:00
                )

[25] => Array
                (
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                    [name] => MLS26.jpg
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                    [index] => 26
                    [enabled] => 1
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                    [modified] => 2024-05-07 04:51:00
                )

[26] => Array
                (
                    [id] => 7274413
                    [name] => MLS27.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73101490&w=1024&h=768&n=27
                    [index] => 27
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:00
                    [modified] => 2024-05-07 04:51:00
                )

[27] => Array
                (
                    [id] => 7274414
                    [name] => MLS28.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73101490&w=1024&h=768&n=28
                    [index] => 28
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:00
                    [modified] => 2024-05-07 04:51:00
                )

[28] => Array
                (
                    [id] => 7274415
                    [name] => MLS29.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73101490&w=1024&h=768&n=29
                    [index] => 29
                    [enabled] => 1
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                    [modified] => 2024-05-07 04:51:00
                )

[29] => Array
                (
                    [id] => 7274416
                    [name] => MLS30.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73101490&w=1024&h=768&n=30
                    [index] => 30
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:00
                    [modified] => 2024-05-07 04:51:00
                )

[30] => Array
                (
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                    [name] => MLS31.jpg
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                    [index] => 31
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:00
                    [modified] => 2024-05-07 04:51:00
                )

[31] => Array
                (
                    [id] => 7274418
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                    [index] => 32
                    [enabled] => 1
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                    [modified] => 2024-05-07 04:51:00
                )

[32] => Array
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                    [id] => 7274419
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                    [index] => 33
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:00
                    [modified] => 2024-05-07 04:51:00
                )

)

)

EXIT