Unit Information
Fantastic 8-Family in Prime New Bedford Location – Strong Cash Flow with Immediate Upside! This well-maintained property is a rare find for investors seeking a stabilized, income-producing asset in one of New Bedford’s most desirable rental markets. Featuring six 1-bedroom units and two studios, the property is currently generating $8,500/month with one unit delivered vacant, providing a clear path to over $11,000/month once fully stabilized. Many units have already been renovated, and recent property improvements include a newer roof and separately metered gas and electric, keeping operating costs low. Additional income potential exists through off-street parking and a detached garage. Located close to downtown, public transportation, and major highways, this property offers a strong in-place return with long-term growth potential. OPEN HOUSE: SATURDAY (8/23) AND SUNDAY (8/24) FROM 12-2 PM.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5-9 Family
- Zip Code: 02740
- Levels: 4
- Parking
- Garage: 4
- Garage Capacity: 4
- Parking Spaces: 4
- Rooms and Dimensions
- Total Units: 8
- Total Floors: 4
- Total Rooms: 18
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$947,900
- Listing ID: 73419187
- Bedrooms: 6
- Full Baths: 9
- Living Area: 7,015 sqft Convert
- Lot Size: 12,510 sqft Convert
- Acres: 0.29
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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 | |