147 8th St Pending Save Request In-Person Tour Request Virtual Tour
New Bedford,MA 02740
Key Details
Property Type Multi-Family
Sub Type 5+ Family - Rooming House
Listing Status Pending
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
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. Taunton Federal Credit Union finances rooming houses.
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 false
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