Versatile 5-unit multi-family home in New Bedford, MA! This property offers a diverse range of living spaces, including 2 two-bedroom units, 2 one-bedroom units, and 1 three-bedroom unit, catering to various rental needs. Each unit is designed for comfortable living, providing ample space for tenants. Situated in a prime location, this property offers easy access to nearby highways and local amenities, making it highly attractive for potential renters. The building is currently vacant, presenting a unique opportunity for investors to choose their own tenants and set rental rates that maximize income. Whether you're an experienced investor or looking to enter the rental market, this multi-family home offers excellent potential for generating steady rental income. Its strategic location and versatile layout make it a valuable addition to any real estate portfolio!
This home has been viewed 33 times
Last Checked: November 2nd, 2024 at 4:19am (Source: MLS PIN #73289396)
Gross Income: $81,600
Gross Expenses: $5,372
Net Income Calc: $76,228
CAP Rate: 11.42%
Annual Expenses for 51 County St, New Bedford MA 02744
Total Gross Expenses (Calculated)$5,372/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$5,372
Annual Income & Unit Breakdown for 51 County St, New Bedford MA 02744
Total Gross Income (Calculated)$81,600
Unit 1
Rental Income$1,600
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent IncludesNo
Unit 2
Rental Income$1,600
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent IncludesNo
Unit 3
Rental Income$2,200
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent IncludesNo
Unit 4
Rental Income$1,400
LeaseN
Bedrooms1
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingNo
Rent IncludesNo
General Information for 51 County St, New Bedford MA 02744
Listing ID73289396
Property TypeMulti Family
Price$667,500 ($148.33/SqFt)
Style5+ Family - 5+ Units Up/down
CityNew Bedford
CountyBristol
MLS Area
Neighborhood(s)
Approximate Living Area Total4,500 SqFt
Approximate Lot Size (Acres)0.06 acres
Total Parking0
Garage Parking
Year Built1880
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsNo
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionBlock
Accessible Features
Outdoor Space
ZoningMUB
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront FeaturesNo
Energy Features
Terms
Disclosures for 51 County 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$0
Total Net Income By Broker$0
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 51 County St, New Bedford MA 02744
Real Estate Taxes$5,372
Tax Year2024
Assessed Value$447,700
Financial Data SourceNo
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$0
BostonRealEstate.com Gross Income
Total Net Income By Broker$0
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)11.42%
Location Information for 51 County St, New Bedford MA 02744
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesNo
Contact Information for 51 County St, New Bedford MA 02744