131 Chestnut St North Attleboro, MA 02760
131 Chestnut Street consists of two adjacent buildings with (16) 2-Bed/1-Bath units. Majority of the units have been renovated with new kitchens featuring quartz or granite countertops and stainless-steel appliances. The units also have new floors (hardwood, vinyl plank and carpet), updated bathrooms and in-wall AC units. Additionally, the Property features a laundry facility in each building, on-site storage lockers for tenants, and approximately 40 parking spaces. Building "A" was re-built within the past 10 years. The Property is separately metered for electric heat (baseboard) and hot water, which the tenants pay directly. The Landlord is responsible for common area electric and domestic water and sewer. The majority of the tenants are "Tenant at Will" and pay below market rents, providing the opportunity to increase rents to market rates immediately. The subject property is ideal for a potential buyer looking for income growth and strong investment returns with significant upside
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyBristol
- Taxes$29,793
- HOA/Condo/Coop Fees$0
- Days on Site88 Days
- MLS StatusPending
- MLS ID Number73203934
- Home Size Source Public Records
- Year Built1969
- Lot Size0.8 Acres
- Full Baths16
- Partial BathsN/A
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General Features
- Parking Paved DriveOff Street
- Parking Spaces 40
- Sewer Public Sewer
- Number of Stories 2
- Acreage 0.8
- Water Public
- Property Sub Type Multi Family
- Garage Spaces 0
- Foundation Block
- Zoning C30
- Buyer Agent Compensation 1.75%
- Facilitator Compensation 0
- Compensation Based On Net Sale Price
- Sub-Agency Relationship Offered No
- Garage 0
- Parking Features Paved DriveOff Street
- Electricity Individually Metered
Interior Features
- Heating Electric
- Appliances WasherDryer
- Fireplaces 0
- Fireplace No
Exterior Features
- Roof Shingle
- Spa No
- Waterfront Property No
Community Features
- Community Features Public TransportationShoppingParkWalk/ Jog TrailsBike PathHighway AccessPrivate SchoolPublic SchoolWalk/Jog Trails
- Senior Community No
- Adult Care Community No