434 Cottage Street,  New Bedford MA, 02740 (Residential Income)

8 beds , 2 Full baths
Status: Active
MLS#: 72359204
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Last Updated: 11/15/2018 10:17 AM
Description for 434 Cottage Street New Bedford, MA 02740
The property contains 11 bedrooms with communal kitchen and two full bathrooms. It is located on a corner lot with a fenced in yard and off street parking. In addition, coin-op laundry is available in the building and provides great additional income. Buyers have the ability to acquire a rooming house with full time management in place and in a market that is currently compromised of 50%+ renters with over 10.50% cap rate with the potential to achieve nearly 15%. Fully occupied, professionally managed, double-digit ROI. The property is centrally located to area amenities and is less than one mile to major routes including I-195 to Providence (40 minutes) and Route 6. New Bedford is currently experiencing many local development projects, including the proposed plan of the South Coast Railroad. The South Coast Railroad project will restore passenger rail transportation from Boston's South Station to New Bedford starting in 2019.
Price
$359,000
Bristol
8
2 Full
72359204
Active
Description
The property contains 11 bedrooms with communal kitchen and two full bathrooms. It is located on a corner lot with a fenced in yard and off street parking. In addition, coin-op laundry is available in the building and provides great additional income. Buyers have the ability to acquire a rooming house with full time management in place and in a market that is currently compromised of 50%+ renters with over 10.50% cap rate with the potential to achieve nearly 15%. Fully occupied, professionally managed, double-digit ROI. The property is centrally located to area amenities and is less than one mile to major routes including I-195 to Providence (40 minutes) and Route 6. New Bedford is currently experiencing many local development projects, including the proposed plan of the South Coast Railroad. The South Coast Railroad project will restore passenger rail transportation from Boston's South Station to New Bedford starting in 2019.
Listing Information
Property Type: Multi-Family, 3+ Story
8 2 Full
2 0.17 Acres 1889
4
11 Total
Neighborhood
Room Information
Bathrooms
2
Interior Features
Basement
3
Exterior / Lot Features
4
Financial Considerations
$3,390
2017
Listing Price History

New Bedford Real Estate

New Bedford is located in Massachusetts. New Bedford, Massachusetts 02740 has a population of 94,958.

The median household income in New Bedford, Massachusetts 02740 is $36,813. The median household income for the surrounding county is $55,957 compared to the national median of $53,482. The median age of people living in New Bedford 02740 is 37.3 years.

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Courtesy: Marcus & Millichap Real Estate Investment Services
This content last refreshed on 11/15/2018 10:17 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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