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Canceled

2-4 Welcome St, New Bedford MA 02744

$650,000

Estimated $1,491.80/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $130,000

Total Rent: 60600/year

Estimated CAP Rate: 8.51%

10 Bedrooms

5 Full Baths

4,824 SqFt

Total Parking: 0

2,966 SqFt

ATTENTION INVESTORS! CASH COW!!! Fully occupied five unit building with two 1 bedroom units, two 2 bedroom units and one 4 bedroom unit. Low maintenance exterior and modern apartments with separate utilities. Nothing to do but sit back and collect the rents.

This home has been viewed 31 times

Last Checked: May 7th, 2024 at 9:06am (Source: MLS PIN #73129582)

Gross Income: $60,600

Gross Expenses: $5,254

Net Income Calc: $55,346

CAP Rate: 8.51%

Beach Front

Annual Expenses for 2-4 Welcome St, New Bedford MA 02744

Total Gross Expenses (Calculated)$5,254/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,254

Annual Income & Unit Breakdown for 2-4 Welcome St, New Bedford MA 02744

Total Gross Income (Calculated)$60,600

Unit 1

Rental Income$1,300

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$750

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,700

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$1,300

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 2-4 Welcome St, New Bedford MA 02744

Listing ID73129582

Property TypeMulti Family

Price$650,000 ($134.74/SqFt)

Style5+ Family - 5+ Units Up/down

CityNew Bedford

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total4,824 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking0

Garage Parking

Year Built1906

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionGranite

Accessible Features

Outdoor Space

ZoningRC

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesBeach Front, 1/2 To 1 Mile To Beach

Energy Features

Terms

Disclosures for 2-4 Welcome St, New Bedford MA 02744

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$69,600

Total Net Income By Broker$69,600

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 2-4 Welcome St, New Bedford MA 02744

Real Estate Taxes$5,254

Tax Year2023

Assessed Value$367,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$69,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$69,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.51%

Location Information for 2-4 Welcome St, New Bedford MA 02744

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 2-4 Welcome St, New Bedford MA 02744

Agent

Name: James Higgins

Office

Name: Higgins Real Estate

Phone: 508-951-7580

Payment Calculator

, Interest

Property Taxes 437.83

Principal & Interest 4005.09

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Higgins Real Estate

James Higgins

Agent Phone

Office Phone

(508) 951-7580

Text Agent Call Agent Call Office

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[id] => 346068
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[insurance_required] => Array
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[interior_features] => Array
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[last_month_required] => Array
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[last_sync_date] => 2024-05-07 09:06:02
    [laundry_features] => Array
        (
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[lead_paint] => Array
        (
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[lot_features] => Array
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[management_expense] => Array
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[middle_school] => 
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[net_income_calc] => 55346
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[number_of_units] => 5
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            [name] => Higgins Real Estate
            [phone] => 508-951-7580
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[operating_expense] => Array
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[optional_fee_includes] => Array
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[optional_price] => 0
    [outdoor_space_available] => Array
        (
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[owner_occupancy_source] => 
    [parking_features] => Array
        (
        )

[pasture_area] => None
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [pet_policy] => Array
        (
        )

[phone] => 508-951-7580
    [pool_features] => Array
        (
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    [price_per_sqft] => 134.74
    [price_per_unit] => 130000
    [private_pool] => No
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[real_estate_tax] => $5,254
    [references_required] => Array
        (
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[rent_includes] => Array
        (
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[repair_maintenance_expense] => Array
        (
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[road_frontage_type] => Array
        (
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[roof_material] => Array
        (
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[rooms] => 21
    [senior_community] => No
    [sewer] => Array
        (
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[sewer_expense] => Array
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[short_sale] => 
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[state] => Massachusetts
    [state_code] => MA
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[street_number] => 2-4
    [structure_type] => Array
        (
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[style] => Array
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[subagent_compensation] => 
    [tag_accessible_features] => 
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    [tag_beach_front] => 1
    [tag_elevator] => 
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    [tag_garage_parking] => 
    [tag_generator] => 
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    [tag_laundry] => 
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    [tag_loft] => 
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    [tag_professional_management] => 
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    [tax_year] => 2023
    [team] => Array
        (
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[terms] => Array
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[timber_acres] => None
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    [trash_expense] => Array
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[uffi] => Array
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[unit_1_bathrooms] => 1 Full
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    [unit_1_lease] => Array
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[unit_1_levels] => 1
    [unit_1_rent] => Array
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[unit_2_bathrooms] => 1 Full
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    [unit_2_floor] => 1
    [unit_2_lease] => Array
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[unit_2_levels] => 1
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[unit_3_bathrooms] => 1 Full
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    [unit_3_floor] => 2
    [unit_3_lease] => Array
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[unit_3_levels] => 1
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[unit_4_bathrooms] => 1 Full
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    [unit_4_floor] => 3
    [unit_4_lease] => Array
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[unit_4_levels] => 1
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[unit_level] => 
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        )

[utilities] => Array
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[view] => Array
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[water] => Array
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[water_expense] => Array
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[water_views] => Array
        (
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[water_views_features] => Array
        (
        )

[waterfront] => No
    [waterfront_features] => Array
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    [zoning] => RC
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EXIT

Canceled

2-4 Welcome St, New Bedford MA 02744

$650,000

Annual Expenses for 2-4 Welcome St, New Bedford MA 02744

Annual Income & Unit Breakdown for 2-4 Welcome St, New Bedford MA 02744

General Information for 2-4 Welcome St, New Bedford MA 02744

Disclosures for 2-4 Welcome St, New Bedford MA 02744

Financial Information for 2-4 Welcome St, New Bedford MA 02744

Location Information for 2-4 Welcome St, New Bedford MA 02744

Contact Information for 2-4 Welcome St, New Bedford MA 02744

Agent

Office

Payment Calculator

Exclusive Listing Agent

Higgins Real Estate

James Higgins