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10 Spruce St, New Bedford MA 02740

$409,900

Estimated $1,023.48/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $136,633.33

Total Rent: 72900/year

Estimated CAP Rate: 16.69%

6 Bedrooms

3 Full Baths

2,389 SqFt

Total Parking: 0

2,300 SqFt

Well maintained 3 unit 3 minutes from Whales Tooth T-Station with de-lead certificates. Updates include full insulation, new front porch, exterior paint, new FHA furnace in 2nd unit, newer water heaters, and replacement windows. All separated utilities, vinyl siding on 2 sides, 15yr old roof, recently inspected and approved fire escapes. Long term tenants with room for rent increases.

This home has been viewed 30 times

Last Checked: May 7th, 2024 at 7:16am (Source: MLS PIN #73105234)

Gross Income: $72,900

Gross Expenses: $4,482

Net Income Calc: $68,418

CAP Rate: 16.69%

Annual Expenses for 10 Spruce St, New Bedford MA 02740

Total Gross Expenses (Calculated)$4,482/year

APOD AvailableNo

Heating

Electricity$50

Water$126

Gas$126

Insurance

Sewer$126

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,306

Annual Income & Unit Breakdown for 10 Spruce St, New Bedford MA 02740

Total Gross Income (Calculated)$72,900

Unit 1

Rental Income$1,475

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,550

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,550

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 10 Spruce St, New Bedford MA 02740

Listing ID73105234

Property TypeMulti Family / 3 Family

Price$409,900 ($171.58/SqFt)

Style3 Family

CityNew Bedford

CountyBristol

MLS AreaCenter

Neighborhood(s)

Approximate Living Area Total2,389 SqFt

Approximate Lot Size (Acres)0.05 acres

Total Parking0

Garage Parking

Year Built1905

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area704

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 10 Spruce 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$176

Total Gross Income By Broker$31,800

Total Net Income By Broker$31,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 10 Spruce St, New Bedford MA 02740

Real Estate Taxes$4,306

Tax Year2023

Assessed Value$301,300

Financial Data Source

Total Gross Expenses By Broker$176

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$31,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$31,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)16.69%

Location Information for 10 Spruce St, New Bedford MA 02740

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaCenter

Area AmenitiesHighway Access, Public School, Park, Public Transportation, T-station, Private School

Contact Information for 10 Spruce St, New Bedford MA 02740

Agent

Name: Tom Neves

Office

Name: eXp Realty

Phone: 888-854-7493

Payment Calculator

, Interest

Property Taxes 358.83

Principal & Interest 2525.67

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

eXp Realty

Tom Neves

Agent Phone

Office Phone

(888) 854-7493

Text Agent Call Agent Call Office

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        (
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[perc_test] => Array
        (
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[perc_test_date] => Unknown
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[water] => Array
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EXIT

Closed

10 Spruce St, New Bedford MA 02740

$409,900

Annual Expenses for 10 Spruce St, New Bedford MA 02740

Annual Income & Unit Breakdown for 10 Spruce St, New Bedford MA 02740

General Information for 10 Spruce St, New Bedford MA 02740

Disclosures for 10 Spruce St, New Bedford MA 02740

Financial Information for 10 Spruce St, New Bedford MA 02740

Location Information for 10 Spruce St, New Bedford MA 02740

Contact Information for 10 Spruce St, New Bedford MA 02740

Agent

Office

Payment Calculator

Exclusive Listing Agent

eXp Realty

Tom Neves