Historical Multifamily Sale Listing - 34 Units on the Waterfront

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34 Units on the Waterfront

26 South Water Street, New Bedford, MA 02740

N/A

34 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
34
Building Size:
49,992 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
1.5%
Cap Rate:
8.05%
Occupancy:
98%
Lot Size:
25,783 SF
Listing ID
18146655
Last Updated
250 days ago

Highlights

  • Across the street from Waterfont
  • Class A Construction with waterviews
  • Ideal Condo Conversion when market improves
  • Tenants pay heat and hot water
  • Off street parking for tenants
  • Penthouse units have balconies

Description

Thirty four units overlooking the harbor consisting of 19-two bedroom, 14-one bedroom and 1-studio apartment with two bedrooms having two baths. Penthouse units have balconies with water views. Type A construction with concrete floors and ceilings since it is a converted warehouse. Property lends itself to condo conversion when the market improves. Units have separate heat (electric-FHA) and hot water paid by the tenants. Off street parking available to tenants. BEFORE SCHEDULING A SHOWING THE BUYER MUST DRIVE BY THE PROPERTY, REVIEW THE FINANCIALS ATTACHED AND BE READY TO DISCUSS VALUE WITH THE LISTING BROKER. THIS IS A FULLY OCCUPIED BUILDING DO NOT DISTURB OR SPEAK TO THE TENANTS ON SITE. WEEKDAY SHOWINGS ONLY. NO EXCEPTIONS.

BEFORE SCHEDULING A SHOWING THE BUYER MUST DRIVE BY THE PROPERTY, REVIEW THE FINANCIALS ATTACHED AND BE READY TO DISCUSS VALUE WITH THE LISTING BROKER. THIS IS A FULLY OCCUPIED BUILDING DO NOT DISTURB OR SPEAK TO THE TENANTS ON SITE. WEEKDAY SHOWINGS ONLY. NO EXCEPTIONS.

Map of 26 South Water Street, New Bedford, MA 02740 (Bristol County)

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Created 4/29/2013