Price
$ 320,000

230 School St, Taunton, MA 02780  
  • 5 beds
  • 5 baths
  • 2,520 sqft

230 School St, Taunton, MA 02780  

PROFITABLE income property with "potential for greater income" by bringing the rents up to market rate. Rental income currently well below market and all 5 units are TAW. Building is currently fully rented and cash flowing. Low to no yard maintenance provides a cost savings. Units have ruggedized wainscoting panels to reduce possibility of resident damage and reduce maintenance costs. Great neighborhood with mostly single family and small multifamily properties brings in a higher quality resident and with it lower management burden. AVERAGE 1 Bedroom rent for this area as $750 per month. NOTES: Newer rubber roof, vinyl siding, windows, water heaters, TWO NEW (2014) heating systems, separate utilities for each unit. Water and Sewer included in rents. $37,440 Gross income, $3,120 (1/12) vacancy rate, $34,320 NOI, Gross Multiplier 8.88, Cap Rate 10.32% To maximize time we highly recommend that all prospective buyers tour the neighborhood and view the exterior prior to touring!

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Listing Type
Multi-Family
Listing ID
72109300
Bedrooms
5
Bathrooms
5
House Size
2,520
Lot Size
1,742.00 sqft
Listing Status
Active
Year Built
1927
County
Bristol
Full Bath
5
Units
5
Taxes
2630.0
TaxYear
2016
Listing courtesy of Tony Melo~United Real Estate Boston Metro South - West
Price History
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Date Event Change Price
5/7/2017 Price change $-5,000 (-1.5%) $320,000
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    Listing Information Provided By:
    RE/MAX WELCOME HOME
    447 Broadway Route 138 Taunton, MA 02780 | Phone: (508) 823-2700
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.