5+ Family - Rooming House - Residential Income located at 147 8th St, New Bedford MA 02740 in New Bedford, Bristol 02740
147 8th St, New Bedford MA 02740, Bristol, Residential Income – 73269285
Description
Fantastic Investment Opportunity! 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. Prospective buyers should consult with their lender(s) prior to making an appointment.