147 8th St New Bedford, MA 02740
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyBristol
- Taxes$6,119
- HOA/Condo/Coop Fees$0
- Days on Site65 Days
- MLS StatusPending
- MLS ID Number73269285
- Home Size Source Public Records
- Year Built1870
- Lot Size0.1 Acres
- Full Baths7
- Partial Baths1
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General Features
- Construction Frame
- Parking Spaces 0
- Sewer Public Sewer
- Electric Circuit Breakers200+ Amp Service
- Basement FullInterior EntryConcrete
- Number of Stories 3
- Acreage 0.1
- Water Public
- Property Sub Type Multi Family
- Garage Spaces 0
- Zoning MUB
- Compensation Based On Net Sale Price
- Sub-Agency Relationship Offered No
- Foundation Granite
- Garage 0
- Electricity Circuit Breakers200+ Amp Service
Interior Features
- Heating Hot WaterNatural Gas
- Appliances MicrowaveRefrigerator
- Flooring WoodVaries
- Fireplaces 0
- Laundry Features Washer Hookup
- Fireplace No
Exterior Features
- Roof Shingle
- Fencing Fenced
- Spa No
- Waterfront Property No
- Waterfront Features Beach FrontOcean1 to 2 Mile To BeachBeach Ownership( Public)
- Exterior Rain Gutters
- Lot ClearedGentle Sloping
- Patio And Porch Porch
- Lot Features ClearedGentle Sloping
- Waterview Features Beach FrontOcean1 to 2 Mile To BeachBeach Ownership(Public)
Community Features
- Community Features Public TransportationShoppingHighway AccessHouse of WorshipMarinaPrivate SchoolPublic School
- Senior Community No
- MLS Area Center
- Adult Care Community No