Unit Information
Fantastic 7-Family in Prime New Bedford Location – Strong Cash Flow with Built-In Upside! Don’t miss this rare opportunity to own a well-maintained 7-unit property in one of New Bedford’s most desirable rental markets. The building features six spacious 1-bedroom units and one studio, currently producing $7,250/month with one unit vacant—offering a clear path to $10,000+/month once fully stabilized. Several units have already been tastefully renovated, and the property benefits from a newer roof and other recent improvements. Additional income potential exists by separating the shared heat, creating a significant boost to NOI over time. The property also offers off-street parking and separate electrical for each unit. Conveniently located near downtown, public transportation, and major highways, this asset combines strong in-place returns with excellent long-term growth potential—perfect for investors looking to scale their portfolio with a turnkey, cash-flowing property.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5-9 Family
- Zip Code: 02740
- Levels: 3
- Parking
- Garage: 4
- Garage Capacity: 4
- Parking: Paved Drive
- Parking Spaces: 4
- Rooms and Dimensions
- Total Units: 7
- Total Floors: 3
- Total Rooms: 24
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$847,900
- Listing ID: 73419189
- Bedrooms: 6
- Full Baths: 7
- Living Area: 5,914 sqft Convert
- Lot Size: 9,875 sqft Convert
- Acres: 0.23
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |