PROFITABLE income property with "potential for greater income" by bringing the rents up to market rate. Building will be fully rented and cash flowing. Low to no yard maintenance provides a cost savings. Five of the five units are TAW leaving room for increased revenue. Eight (8) SECURITY cameras on site with DVR stored in utility room in secured basement. Great down town neighborhood is currently being revitalized by Taunton's "Business Improvement District" initiative adding value to the area at no cost to you. rubber roof 2009, Area in Basement for coin-op laundry (current machines to convey with property and are non functioning). Average annual gross income is $96,000, Vacancy allowance of 6% ($5,760) with a current NOI of $74,900 and a cap rate of 8.86%, Building has Full Letter of Lead compliance and will be attached to MLS. New windows, New vinyl exterior, new doors (interior and exterior) installed in 2019, Five new direct vent / High efficiency combo systems 2020
Off market
Price Unknown
22 Cedar St, Taunton, MA 02780
13beds
5,458sqft
5+ Family - 5+ Units Up/Down
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$2,819 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 29, 2022 at 06:06pm
Listed by:
Tony Melo,
Trident Realty Group
Bought with:
David Lenger
eXp Realty
Source: MLS PIN,MLS#: 72993041
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 5
- Full bathrooms: 5
Features
- Flooring: Wood, Vinyl, Carpet, Laminate
- Doors: Insulated Doors, Storm Door(s)
- Windows: Insulated Windows
- Basement: Full,Concrete
- Has fireplace: No
Interior area
- Total structure area: 5,458
- Total interior livable area: 5,458 sqft
Property
Parking
- Total spaces: 5
- Parking features: Off Street
Features
- Patio & porch: Porch, Deck
- Has view: Yes
- View description: City View(s)
Lot
- Size: 6,534 sqft
- Features: Level
Details
- Parcel number: M:66 L:88 U:,2971119
- Zoning: CENBIZ
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Frame
- Foundation: Stone
- Roof: Rubber
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Electric Range
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
Location
- Region: Taunton
HOA & financial
Other financial information
- Total actual rent: 8000
Other
Other facts
- Road surface type: Paved