Unicorn Alert! This LARGE 2 family features duplex style entrance and will be delivered completely vacant and comes with a 1 Car Garage and a driveway with plenty of parking for 4 additional cars. Both units have 3 bedrooms each, brand new kitchens and updated bathrooms 1 year ago, hardwood floors throughout, and a front porch to enjoy the outdoor air. Second floor unit has a 3rd floor, currently unfinished cottage style set-up with endless opportunities for additional space, as well as a large back deck to enjoy. Harvey replacement windows, a NEW ROOF, newer heating systems both gas units with radiant heat. (no space heaters) There is vinyl siding on the exterior and no grass to cut making this property easy to care for. You do not want to miss out on this unique and fantastic opportunity! Join us at the Open House Sunday, April 23rd 1:00-3:00. Highest and best offers due 8am Monday, April 24th
This home has been viewed 24 times
Last Checked: May 7th, 2024 at 7:31am (Source: MLS PIN #73101969)
Gross Income: $45,600
Gross Expenses: $5,676
Net Income Calc: $39,924
CAP Rate: 7.98%
Annual Expenses for 4-6 Grove St, New Bedford MA 02740
Total Gross Expenses (Calculated)$5,676/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$5,676
Annual Income & Unit Breakdown for 4-6 Grove St, New Bedford MA 02740
Total Gross Income (Calculated)$45,600
Unit 1
Rental Income$2,000
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$1,800
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingNo
Rent Includes
General Information for 4-6 Grove St, New Bedford MA 02740
Listing ID73101969
Property TypeMulti Family / 2 Family
Price$499,999 ($149.75/SqFt)
Style2 Family - 2 Units Up/down
CityNew Bedford
CountyBristol
MLS Area
Neighborhood(s)
Approximate Living Area Total3,339 SqFt
Approximate Lot Size (Acres)0.09 acres
Total Parking6 (1 Garage)
Garage Parking1 / Detached
Year Built1922
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningRA
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 4-6 Grove St, New Bedford MA 02740
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureDoes not include 3rd floor(unfinished) cottage set
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$45,600
Total Net Income By Broker$45,600
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2-2.5
Facilitator Compensation1
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 4-6 Grove St, New Bedford MA 02740
Real Estate Taxes$5,676
Tax Year2023
Assessed Value$397,200
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$45,600
BostonRealEstate.com Gross Income
Total Net Income By Broker$45,600
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)7.98%
Location Information for 4-6 Grove St, New Bedford MA 02740
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 4-6 Grove St, New Bedford MA 02740