Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

147 8th St

Center - New Bedford, MA ID #73269285

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147 8th St

Center - New Bedford, MA ID #73269285

This listing is pending agreement.

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.

Additional Details

  • Status: CTG
  • Type: Multi-Family, 5+ Family - Rooming House
  • Area: Center
  • Zip Code: 02740
  • Taxes: 6,119
  • Living Levels: 3
  • Acres: 0.10

Rooms/Dimensions

  • Total Units: 17
  • Total Floors: 3
  • Total Rooms: 23

Location

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Janice Hathaway of Venture. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.