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Closed

76 Cottage St, New Bedford MA 02740

$699,900

Estimated $1,706.13/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $174,975

Total Rent: 78000/year

Estimated CAP Rate: 8.30%

5 Bedrooms

4 Full Baths

4,839 SqFt

Total Parking: 8

7,153 SqFt

First time offered in over 50 years! Come see this exquisite 4 FAMILY 1846 Whaling Captain Home on the West Side of New Bedford! As you enter you are lost in the 1846 charm of the home immediately with the utmost quality and care taken to preserve it all. Velvet wallpaper, hardwood flooring throughout, gorgeous runners, hidden closets, is just the beginning. Each of the 4 units have gorgeous high ceilings, hardwood flooring, and a floor plan that just flows wonderfully throughout. Exterior features amazing grounds, rose gardens, perennials galore, tranquil walkways, expansive parking and so much more. One of the units has private porch. Another unit has a completely renovated bathroom and kitchen with quartz countertop and stainless steel appliances. The potential to add over 1000 more sq.ft to one of the units by updating the partially finished attic equipped with bathroom is a bonus. Basement is completely dry, wonderfully spaced, and equipped with 4 storage bays for each unit!

This home has been viewed 26 times

Last Checked: May 7th, 2024 at 6:45am (Source: MLS PIN #73092796)

Gross Income: $78,000

Gross Expenses: $19,897

Net Income Calc: $58,103

CAP Rate: 8.30%

Annual Expenses for 76 Cottage St, New Bedford MA 02740

Total Gross Expenses (Calculated)$19,897/year

APOD AvailableNo

Heating

Electricity$237

Water$905

Gas$905

Insurance$5,900

Sewer$905

Trash Removal

Repair & Maintenance$6,000

Management

Miscellaneous

Real Estate Tax$6,855

Annual Income & Unit Breakdown for 76 Cottage St, New Bedford MA 02740

Total Gross Income (Calculated)$78,000

Unit 1

Rental Income$1,500

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

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

Unit 2

Rental Income$1,450

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

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

Unit 3

Rental Income$2,400

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

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

Unit 4

Rental Income$1,150

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

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

General Information for 76 Cottage St, New Bedford MA 02740

Listing ID73092796

Property TypeMulti Family / 4 Family

Price$699,900 ($144.64/SqFt)

Style4 Family

CityNew Bedford

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total4,839 SqFt

Approximate Lot Size (Acres)0.16 acres

Total Parking8

Garage Parking

Year Built1846

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Corner Lot, Cleared

Foundation Area

Foundation DescriptionConcrete Perimeter,Block,Brick/Mortar

Accessible Features

Outdoor Space

ZoningRA

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 76 Cottage 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$13,042

Total Gross Income By Broker$49,200

Total Net Income By Broker$49,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation1

Compensation Based OnNet Sale Price

Financial Information for 76 Cottage St, New Bedford MA 02740

Real Estate Taxes$6,855

Tax Year2023

Assessed Value$479,700

Financial Data Source

Total Gross Expenses By Broker$13,042

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$49,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$49,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.30%

Location Information for 76 Cottage St, New Bedford MA 02740

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, Pool, Tennis Court(s)

Contact Information for 76 Cottage St, New Bedford MA 02740

Agent

Name: Janice Wright

Office

Name: RE/MAX Platinum

Phone: 781-484-1957

Payment Calculator

, Interest

Property Taxes 571.25

Principal & Interest 4312.56

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Platinum

Janice Wright

Agent Phone

Office Phone

(781) 484-1957

Text Agent Call Agent Call Office

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EXIT

Closed

76 Cottage St, New Bedford MA 02740

$699,900

Annual Expenses for 76 Cottage St, New Bedford MA 02740

Annual Income & Unit Breakdown for 76 Cottage St, New Bedford MA 02740

General Information for 76 Cottage St, New Bedford MA 02740

Disclosures for 76 Cottage St, New Bedford MA 02740

Financial Information for 76 Cottage St, New Bedford MA 02740

Location Information for 76 Cottage St, New Bedford MA 02740

Contact Information for 76 Cottage St, New Bedford MA 02740

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RE/MAX Platinum

Janice Wright