Price Reduction
Address
107 Ames St, Brockton, MA
Price
$ 1,699,900
Property Attributes
- MLS#73225721
- TypeCommercial
- CountyPLYMOUTH
- CityBrockton
- AreaMontello
- Zip02302
- Style5+ Residential
- Year Built1900
- Taxes$ 8626
- Price$ 1,699,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size4,792 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Open for SELLER's Financing Proposal. Attention Investors :Projected Net Operating Income of $184,005 w/10.5% Cap Rate. Exceptional 11-Unit Investment Opportunity Awaits You! This unparalleled property comes with a blend of residential & commercial income. Located in the northside of the city, this neighborhood comes numerous conveniences at your doorstep, this building comes with ten 2-br units and one separate commercial unit, making it a quintessential asset for long-term investment. Durable & Low Maintenance exterior with vinyl siding & windows and rubber membrane roof. Separate Utilities-A Hassle-Free Arrangement. Ample Off-Street Parking with a separate parking across the street. Unbeatable Location with the "Montello" commuter rail station, Quick & Easy highway access and numerous shops & other essential amenities nearby. Steady Cash Flow w/Potential to maximize its revenue with rental increases, which makes this a safe investment. Seize this opportunity!
| Price History | |
|---|---|
| 4/18/2024 | Listed $1,739,900 |
| 4/22/2024 | 3% - $1,699,900 |
General Features
| Utilities | Public Water,Public Sewer |
|---|---|
| Roof | Rubber |
| Zoning | I2 |
| Year Built | 1900 |
| Tax Year | 2023 |
| Gross Income | 203100 |
| Business Type | 5+ Residential |
| County | Plymouth |
| Net Operating Income | 172005 |
| Operating Expense | 31095 |
| Property Type | Commercial Sale |
| HOA / Comm Assn | No |
| Status | Active |
| Directions | Montello St to Ames St,between Sparks & Intervale Sts |
| City | Brockton |
| Disclosures | The parking lot @ 107 Ames St is INCLUDED with purchase. Lot Size is 2,823+/- Sq Ft,Assessed for $8,600 and Taxes for '23 is $26.02. Please include this parcel on the offer. |
| Senior Community Y/N | No |
| Zoning Description | Legal Conforming |
| MLS Area | Montello |
| Lot Size Square Feet | 5001 |
| Waterfront Y/N | No |
| Street Name | Ames St |
| Tax Annual Amount | 8626.02 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
Exterior Features
| Total Parking | 10 |
|---|---|
| Lot Size Area | 0.11 |
| Lot Size Acres | 0.11 |
| Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 02302
Price
Taxes
Visits
Year Built
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