Unit Information
Turnkey 7-Unit with Cash Flow & Upside – Ideal for Investors. 115 Hillman Street is a fully occupied, well-kept 7-unit in the heart of New Bedford’s rental market. With six 1-bedrooms and one 2-bedroom, it delivers reliable income with immediate upside through modest rent adjustments. Current gross rent is $8,498/month ($101,976 annually) with market rents supporting $10,350/month ($124,200 annually)—unlocking ~$22K more per year. Fully occupied with tenants-at-will (plus one lease), separate utilities, and updated finishes in select units. Prime location offers walkability to downtown, transit, and amenities, ensuring steady demand. For investors scaling their portfolio, this asset combines turnkey operations, strong cash flow, and growth potential in New Bedford’s competitive market. All financials, rent roll, and profit & loss statements are available in the MLS attachments section. OPEN HOUSE: SAT (10/4) & SUN (10/5), 2–4 PM.
- Additional Details
- Status: NEW
- Type: Multi-Family, 5-9 Family
- Zip Code: 02740
- Levels: 4
- Parking
- Garage: 6
- Garage Capacity: 6
- Parking Spaces: 6
- Rooms and Dimensions
- Total Units: 7
- Total Floors: 4
- Total Rooms: 18
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$874,995
- Status: New
- Listing ID: 73437249
- Bedrooms: 8
- Full Baths: 7
- Living Area: 7,104 sqft Convert
- Lot Size: 8,546 sqft Convert
- Acres: 0.2
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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 | |