$ 1,495,000
-
$1,495,000
Price -
8
Bed -
8
Bath -
4,655
SqFt
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About the Listing K95593 - CT004394
Newly rebuilt 8-unit multifamily located in downtown New Bedford. Projected post-CO gross yield of approximately 10.6% based on projected monthly rent of approximately $13,300. Well suited for investors seeking a near-new construction asset with a clear path to stabilization.The property consists of 8 units, including 6 one-bedroom units and 2 studios. The building has undergone a full gut renovation with all-electric, high-efficiency systems throughout. Certificate of Occupancy is targeted for March, with lease-up expected shortly thereafter. Strong rental demand in the area.Renovations include new mechanical, electrical, plumbing, insulation, windows, and modern interior finishes. Designed for efficient long-term operation with minimal deferred maintenance.Well positioned for stabilization and long-term income in a growing downtown market.
Listing Highlights
Status
Active
Days on Site
26
Property Type
Multi-Family
MLS ®
73469954
Year Built
1850
Total Square Footage
4,655
Lot/Acreage
0.11
County
Bristol
Interior Details
- Bedrooms: 8
- Bathrooms: 8 Full
- Appliances: ENERGY STAR Qualified Refrigerator, Rangetop - ENERGY STAR, Range, Intercom
- Air Cond: Heat Pump
- Heating: Heat Pump
- Fireplaces: 0
- Floor: Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Laundry Room,Bathroom With Tub & Shower,Open Floorplan,Studio
- Water: Public
Exterior Details
- Lot Description: Corner Lot,Level,Ocean,Unknown To Beach,Beach Ownership(Public)
- Garage Capacity: N/A
- Parking Spaces: 1
- Zoning: MUB
- Roof: Shingle
- Others: Rain Gutters
- Sewer: Public Sewer
- Parking Features: Off Street,Paved,Parking Spaces: 1
Financial Details
- Tax Amount: $4,354
- Taxes w/Assessments: $385,000
- Tax/Property ID: M:0052 L:0256
- Tax Year: 2025
Payment Calculator
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Questions About..
110 Eighth St New Bedford, MA 02740
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