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Residential Real Estate For Sale
230 School St
Taunton, Massachusetts 02780
PROFITABLE income property with "potential for greater income" by bringing the rents up to market rate. Rental income currently well below market and all 5 units are TAW. Building is currently fully rented and cash flowing. Low to no yard maintenance provides a cost savings. Units have ruggedized wainscoting panels to reduce possibility of resident damage and reduce maintenance costs. Great neighborhood with mostly single family and small multifamily properties brings in a higher quality resident and with it lower management burden. AVERAGE 1 Bedroom rent for this area as $750 per month. NOTES: Newer rubber roof, vinyl siding, windows, water heaters, TWO NEW (2014) heating systems, separate utilities for each unit. Water and Sewer included in rents. $37,440 Gross income, $3,120 (1/12) vacancy rate, $34,320 NOI, Gross Multiplier 8.88, Cap Rate 10.32% To maximize time we highly recommend that all prospective buyers tour the neighborhood and view the exterior prior to touring!
$320,000.00
MLS#:72109300
Listing Office:United Real Estate Boston Metro South - West
Listing Agent:Tony Melo
Office Phone:(866) 925-6977
Bedrooms:5
Bathrooms:5
Address: 230 School St
City:Taunton
State:Massachusetts
ZIP Code:02780
Property Type:Multi-family
Lot Size:1742.00
Property Size:2520.00
Year Built:1927
Parking Feature:On Street Permit
Exterior:Vinyl
Flooring:Vinyl,Wall to Wall Carpet,Laminate
Instruction:email:"info@meloproperties.com" Subject"230School" Submit - Name, office, date and time of request
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