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2 Durfee St, New Bedford MA 02740

$424,900

Estimated $994.64/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $212,450

Total Rent: 50400/year

Estimated CAP Rate: 11.00%

6 Bedrooms

2 Full Baths

2,641 SqFt

Total Parking: 0

1,938 SqFt

Presenting an exceptional investment opportunity in the highly sought-after west end of the city. Situated on 2 Durfee St., this two-family home features a well-maintained in-law unit that is currently vacant, as well as long-term tenants occupying the first and second floors. This presents the ideal scenario for investors seeking an income-generating property, or for owner-occupants looking to reside in one unit while renting out the other two.This property has been well-maintained and boasts vinyl siding, while the fenced-in area with a basketball hoop is perfect for outdoor recreation and relaxation. Tenants are responsible for utilities, ensuring a hassle-free management experience for the future owner.Don't miss out on this outstanding opportunity to own a valuable property in a prime location. Schedule a viewing today and make this your next investment

This home has been viewed 24 times

Last Checked: May 7th, 2024 at 5:05am (Source: MLS PIN #73076312)

Gross Income: $50,400

Gross Expenses: $3,668

Net Income Calc: $46,732

CAP Rate: 11.00%

Annual Expenses for 2 Durfee St, New Bedford MA 02740

Total Gross Expenses (Calculated)$3,668/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,668

Annual Income & Unit Breakdown for 2 Durfee St, New Bedford MA 02740

Total Gross Income (Calculated)$50,400

Unit 1

Rental Income$1,500

LeaseN

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$2,700

LeaseN

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 2 Durfee St, New Bedford MA 02740

Listing ID73076312

Property TypeMulti Family

Price$424,900 ($160.89/SqFt)

StyleMulti Family

CityNew Bedford

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total2,641 SqFt

Approximate Lot Size (Acres)0.04 acres

Total Parking0

Garage Parking

Year Built1895

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor Space

ZoningMUB

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 2 Durfee 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$34,800

Total Net Income By Broker$34,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 2 Durfee St, New Bedford MA 02740

Real Estate Taxes$3,668

Tax Year2023

Assessed Value$256,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$34,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$34,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)11.00%

Location Information for 2 Durfee St, New Bedford MA 02740

Elementary SchoolHayden/Mcfadden

Middle SchoolKeith Middle

High SchoolNew Bedford

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 2 Durfee St, New Bedford MA 02740

Agent

Name: Team ROSO

Office

Name: RE/MAX Vantage

Phone: 774-992-0297

Team Members

Name: Rachel Botelho

Phone: 508-904-8721

Name: Anne Bousquet

Phone: 508-525-0037

Payment Calculator

, Interest

Property Taxes 305.67

Principal & Interest 2618.1

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Vantage

Team ROSO

Agent Phone

Office Phone

(774) 992-0297

Text Agent Call Agent Call Office

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EXIT