This two family home features large and comfortable living space. Each unit has 3 generous sized bedrooms with ample closet space. This property includes a finished basement with multiple rooms including a full bathroom, adding extra flexibility for entertainment, office space, or guests quarters. The walk -up attic provides potential for expansion, and with the new state law regarding accessory dwelling units, you may be able to legally permit this space (or the basement space) for additional rental income. Hardwood floors, built-in shelving, and pocket doors.Outside, the home boasts a one-car garage and off street parking for multiple vehicles, and a spacious back yard. New roof installed in 2024, new furnace from 2014, updated electrical panel. Home is located less than .25 miles to beaches and many local attractions and 2.3 miles to the downtown commuter rail station coming on line in 2025. Buyer to perform due diligence regarding ADU's, no guarantee of acceptance being made.
This home has been viewed 51 times
Last Checked: November 8th, 2024 at 5:20am (Source: MLS PIN #73285884)
Gross Income: $33,600
Gross Expenses: $4,057
Net Income Calc: $29,543
CAP Rate: 5.09%
Beach Front
Annual Expenses for 12 George St, New Bedford MA 02744
Total Gross Expenses (Calculated)$4,057/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$4,057
Annual Income & Unit Breakdown for 12 George St, New Bedford MA 02744
Total Gross Income (Calculated)$33,600
Unit 1
Rental Income$1,400
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent IncludesNo
Unit 2
Rental Income$1,400
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent IncludesNo
General Information for 12 George St, New Bedford MA 02744
Listing ID73285884
Property TypeMulti Family
Price$580,000 ($228.53/SqFt)
StyleMulti Family
CityNew Bedford
CountyBristol
MLS Area
Neighborhood(s)
Approximate Living Area Total2,538 SqFt
Approximate Lot Size (Acres)0.08 acres
Total Parking3 (1 Garage)
Garage Parking1 / Detached
Year Built1925
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsNo
Lot FeaturesNo
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningRB
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront FeaturesBeach Front, 1 To 2 Mile To Beach
Energy Features
Terms
Disclosures for 12 George 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 SourceNo
Total Gross Expenses By Broker$0
Total Gross Income By Broker$33,600
Total Net Income By Broker$33,600
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnCompensation Offered But Not In Mls
Financial Information for 12 George St, New Bedford MA 02744
Real Estate Taxes$4,057
Tax Year2024
Assessed Value$338,100
Financial Data SourceNo
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$33,600
BostonRealEstate.com Gross Income
Total Net Income By Broker$33,600
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)5.09%
Location Information for 12 George St, New Bedford MA 02744
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesNo
Contact Information for 12 George St, New Bedford MA 02744