Property Description

Here’s an excellent opportunity to own a well-located three-family property in New Bedford, Massachusetts. Situated on a corner lot, the property benefits from abundant natural light and offers a flexible layout that can appeal to both investors and owner-occupants. Each of the three spacious units features a pantry, kitchen/dining area, living room, three full bedrooms, hardwood flooring, and a front porch. Additional property updates include newer windows and newer hot water heaters. The apartments have had multiple upgrades. The service has been upgraded from 100-amp to 200-amp service. The Solar contract that is transferable. All three apartment floors have been sanded and repolished within the last few years. All three floors have newer ceiling fans, have dishwashers, and the second floor has a newer updated kitchen. A full basement provides washer and dryer hookups, adding convenience for tenants and potential value for the owner. The fenced-in yard provides private outdoor space for gatherings, cookouts, or simply relaxing. The property also includes a three-car garage, creating an additional opportunity for rental income or convenient off-street parking. For an investor, the property offers the potential to generate income from three residential units along with the garage. An owner-occupant could live in one unit while renting the remaining units to help offset mortgage and operating expenses. New Bedford continues to attract attention because of its location, transportation improvements, maritime economy, and ongoing investment in its waterfront and downtown areas. The city is home to a significant working waterfront and has become an important center for the emerging offshore wind industry. Massachusetts has identified New Bedford as a key location for offshore-wind-related infrastructure, jobs, and supply-chain activity. One of the most significant recent infrastructure developments in New Bedford is the arrival of South Coast Rail commuter service. The New Bedford Line provides direct service to Boston's South Station, giving residents another transportation option for commuting to Boston and other communities along the rail network. Call today for a private viewing.