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Sold for $460,000 on 08/22/22
  • $460,000

    230 School St, Taunton, MA 02780

    5beds
    2,520sqft
    5+ Family - 5+ Units Up/Down
    Built in 1927
    -- sqft lot
    $603,100 Zestimate®
    $183/sqft
    $2,858 Estimated rent

    What's special

    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. Great neighborhood is minutes from RT138 and RT44. rubber roof 2009, Average annual gross income is $52,734, Vacancy allowance of 6% ($3,366) with a current NOI of $43,902 and a cap rate of 9.87%, Building has Full Letter of Lead compliance and will be attached to MLS. Newer windows, Newer vinyl exterior

    Zillow last checked: 7 hours ago

    Listing updated: August 22, 2022 at 01:53pm

    Listed by:

    Tony Melo,

    Trident Realty Group

    Bought with:

    Gilberto Franco

    William Raveis R.E. & Home Services

    Source: MLS PIN,MLS#: 72993219

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 5
    Features
    • Flooring: Wood, Vinyl, Carpet, Laminate
    • Doors: Insulated Doors, Storm Door(s)
    • Windows: Insulated Windows
    • Basement: Crawl Space,Interior Entry
    • Has fireplace: No
    Interior area
    • Total structure area: 2,520
    • Total interior livable area: 2,520 sqft

    Property

    Parking
    • Parking features: Off Street
    Lot
    • Size: 1,742 sqft
    • Features: Level, Other
    Details
    • Parcel number: M:47 L:242 U:,2977302
    • Zoning: URBRES

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 5+ Family - 5+ Units Up/Down
    Materials
    • Frame
    • Foundation: Stone
    • Roof: Rubber
    Condition
    • Year built: 1927

    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, Walk/Jog Trails, Highway Access, Public School
    Location
    • Region: Taunton

    HOA & financial

    Other financial information
    • Total actual rent: 4700

    Other

    Other facts
    • Road surface type: Paved
    Services availability
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    Estimated market value

    $603,100