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Closed

1 Concord St, New Bedford MA 02745

$389,900

Estimated $931.72/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $194,950

Total Rent: 14400/year

Estimated CAP Rate: 2.77%

4 Bedrooms

2 Full Baths

1,584 SqFt

Total Parking: 0

2,596 SqFt

There are many possibilities when it comes to what you could do with this home. Whether you are looking to move in and make one of the units your new home while collecting rent from the other or looking to rent out both units, this is the perfect property. The second-floor unit is a fully renovated three bed one bath. The first-floor unit is a partially renovated two bed one bath. Inside the front door, there is a small mudroom space that could be used for storage. Then outside there is a beautiful front porch that overlooks Concord Street and a spacious backyard perfect for gardening, hosting a cookout, or having a place for your pup to run around. The home is located in the desirable far North End with a charming exterior and is just blocks from the new train station and Brooklawn Park.

This home has been viewed 25 times

Last Checked: May 7th, 2024 at 8:41am (Source: MLS PIN #73118329)

Gross Income: $14,400

Gross Expenses: $3,594

Net Income Calc: $10,806

CAP Rate: 2.77%

Annual Expenses for 1 Concord St, New Bedford MA 02745

Total Gross Expenses (Calculated)$3,594/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,594

Annual Income & Unit Breakdown for 1 Concord St, New Bedford MA 02745

Total Gross Income (Calculated)$14,400

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,200

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 1 Concord St, New Bedford MA 02745

Listing ID73118329

Property TypeMulti Family

Price$389,900 ($246.15/SqFt)

StyleMulti Family

CityNew Bedford

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total1,584 SqFt

Approximate Lot Size (Acres)0.06 acres

Total Parking0

Garage Parking

Year Built1916

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionGranite

Accessible Features

Outdoor Space

ZoningRA

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 1 Concord St, New Bedford MA 02745

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceAppraiser

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$14,400

Total Net Income By Broker$14,400

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 1 Concord St, New Bedford MA 02745

Real Estate Taxes$3,594

Tax Year2023

Assessed Value$251,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$14,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$14,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.77%

Location Information for 1 Concord St, New Bedford MA 02745

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 1 Concord St, New Bedford MA 02745

Agent

Name: Madison Schlauder

Office

Name: Millennium Realty Firm, LLC

Phone: 774-634-6702

Team Members

Payment Calculator

, Interest

Property Taxes 299.5

Principal & Interest 2402.44

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Millennium Realty Firm, LLC

Madison Schlauder

Agent Phone

Office Phone

(774) 634-6702

Text Agent Call Agent Call Office

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EXIT