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Iron Fence Inn 46 Main St 31 Room Hotel Bridgewater, MA 02324 $2,250,000 ($72,581/Room) 8.45% Cap Rate
Investment Highlights
- 31 Unit Hospitality Property
- 5 Common Bathrooms | Common Area Kitchen
- Private Off-Street Parking Lot
- One Apartment and 30 SRO Units
- Fully Sprinklered | New Roof | Master Key
Executive Summary
Northeast Private Client Group is pleased to present the Iron Fence Inn located at 46 Main Street in Bridgewater, Massachusetts.
The 31 unit property contains a one-bedroom apartment with 30 SRO units. There are five common area bathrooms that serve the SRO units as well as a common area kitchen for tenants. The building is fully sprinklered and features a new roof in the last 3 years as well as private off-street parking for tenants and guests.
All interested and qualified parties will be able to tour the property during scheduled showings.
The 31 unit property contains a one-bedroom apartment with 30 SRO units. There are five common area bathrooms that serve the SRO units as well as a common area kitchen for tenants. The building is fully sprinklered and features a new roof in the last 3 years as well as private off-street parking for tenants and guests.
All interested and qualified parties will be able to tour the property during scheduled showings.
Data Room Click Here to Access
Property Facts
| Price | $2,250,000 | Lot Size | 0.33 AC |
| Price Per Room | $72,581 | Building Size | 7,624 SF |
| Sale Type | Investment | No. Rooms | 31 |
| Cap Rate | 8.45% | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1880/2017 |
| Property Subtype | Hotel | Parking Ratio | 0.81/1,000 SF |
| Building Class | C | Corridor | Interior |
| Price | $2,250,000 |
| Price Per Room | $72,581 |
| Sale Type | Investment |
| Cap Rate | 8.45% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 7,624 SF |
| No. Rooms | 31 |
| No. Stories | 3 |
| Year Built/Renovated | 1880/2017 |
| Parking Ratio | 0.81/1,000 SF |
| Corridor | Interior |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $197.00 | - |
| Guest Room | 30 | $104.00 | - |
1 1
Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | BRID-000034-000000-000051 | Improvements Assessment | $1,389,900 |
| Land Assessment | $165,500 | Total Assessment | $1,555,400 |
Property Taxes
Parcel Number
BRID-000034-000000-000051
Land Assessment
$165,500
Improvements Assessment
$1,389,900
Total Assessment
$1,555,400
Contacts
-
James Casey -
Francis Saenz -
Drew Kirkland -
Patrick Wheeler -
Anthony Rakauskas -
Northeast Private Client Group
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Iron Fence Inn | 46 Main St
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