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Clinton Street Multifamily 16 Clinton St 6 Unit Apartment Building $870,000 ($145,000/Unit) 6.94% Cap Rate Taunton, MA 02780
INVESTMENT HIGHLIGHTS
- 6-Unit Multifamily Property
- (4) One Bedroom & (2) Two Bedroom Units
- Tenant Paid Electric
- Value-Add Opportunity
- Off-Street Parking
EXECUTIVE SUMMARY
Northeast Private Client Group is pleased to present The Clinton Street Multifamily, a 6-unit multifamily property located at 16 Clinton St in Taunton, Massachusetts.
The property is currently comprised of (4) one bedroom & (2) two bedroom units. Tenants are responsible for their electric while the landlord provides heat and hot water for the tenants on the first and second floor. The third floor heat is tenant paid electric. There is off-street parking and coin-op laundry for tenant use.
The Clinton Street Multifamily provides an investor the opportunity to acquire a well-maintained property with the ability to raise rents to market levels through unit renovations.
All interested and qualified parties will have the opportunity to obtain additional information and walk the premises upon request.
The property is currently comprised of (4) one bedroom & (2) two bedroom units. Tenants are responsible for their electric while the landlord provides heat and hot water for the tenants on the first and second floor. The third floor heat is tenant paid electric. There is off-street parking and coin-op laundry for tenant use.
The Clinton Street Multifamily provides an investor the opportunity to acquire a well-maintained property with the ability to raise rents to market levels through unit renovations.
All interested and qualified parties will have the opportunity to obtain additional information and walk the premises upon request.
PROPERTY FACTS
| Price | $870,000 | Building Class | C |
| Price Per Unit | $145,000 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 4,267 SF |
| Cap Rate | 6.94% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1910 |
| Property Type | Multifamily | Parking Ratio | 1.41/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | URBRES - Property is located in a Residential B District, allowing for multifamily use by right. The zoning permits two-family dwellings and may allow addition | ||
| Price | $870,000 |
| Price Per Unit | $145,000 |
| Sale Type | Investment |
| Cap Rate | 6.94% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 4,267 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 1.41/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | URBRES - Property is located in a Residential B District, allowing for multifamily use by right. The zoning permits two-family dwellings and may allow addition |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | TAUN-000078-000005 | Improvements Assessment | $600,900 |
| Land Assessment | $122,200 | Total Assessment | $723,100 |
PROPERTY TAXES
Parcel Number
TAUN-000078-000005
Land Assessment
$122,200
Improvements Assessment
$600,900
Total Assessment
$723,100
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Clinton Street Multifamily | 16 Clinton St
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