Homes for sale - 147 8th St, New Bedford, MA 02740

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Joyce Murphy

joyce.murphy@raveis.com +1(781) 771-5146

$1,300,000

Est. payment - /mo

17 Beds

7.5 Baths

5,729 SqFt

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UPDATED:

11/04/2024 08:05 AM

Key Details

Property Type Multi-Family

Sub Type 5+ Family - Rooming House

Listing Status Active

Purchase Type For Sale

Square Footage 5,729 sqft

Price per Sqft $226

MLS Listing ID 73269285

Bedrooms 17

Full Baths 7

Half Baths 1

Year Built 1870

Annual Tax Amount $6,119

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Property Description

Fantastic Investment Opportunity! CASH COW!!! $188,000 ANNUAL INCOME! Exceptional investment opportunity with a diverse range of possibilities for usage of this property. Currently operating as a licensed 17 unit rooming house in close proximity to the train station, downtown amenities, shopping, medical, highway, schools & much more! This gorgeous property features 7 1/2 bathrooms, 2, 1-br apartments, 9 full kitchen, (2) coin-op laundry services in basement/Coke machine (as is condition). Brand new sprinkler system, new fire escape, a new 200 amp electric service, roof approx 11 years old, newer heating systems and hot water tanks. Solid/steady rental history - fully occupied as of July 2024 (weekly and monthly incomes). Expense data/rent roll are available upon request. Serious buyers only. Seller anticipates completing a 1031 Tax Exchange of relinquished property. Prospective buyers should consult with their lender(s) prior to making an appointment.

Location

State MA

County Bristol

Area Center

Zoning MUB

Direction At the top of 8th/Mechanic's Lane

Rooms

Basement Full, Interior Entry, Concrete

Interior

Heating Hot Water, Natural Gas

Flooring Wood, Varies

Appliance Microwave, Refrigerator

Laundry Washer Hookup

Exterior

Exterior Feature Rain Gutters

Fence Fenced/Enclosed, Fenced

Community Features Public Transportation, Shopping, Highway Access, House of Worship, Marina, Private School, Public School

Utilities Available Washer Hookup

Waterfront Description Beach Front,Ocean,1 to 2 Mile To Beach,Beach Ownership(Public)

Roof Type Shingle

Garage No

Building

Lot Description Cleared, Gentle Sloping

Story 3

Foundation Granite

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Venture

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Joyce Murphy

+1(781) 771-5146

Agent | License ID: 99886

Agent License ID: 99886

147 8th St New Bedford, MA 02740

Joyce Murphy

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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147 8th St