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
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
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
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$603,100