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127 Newbury St, Brockton, MA 02301

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Listing Type
Multi Family
Listing Status
pending
14
Overview
Features
Commute
Transportation
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$915,000

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Home Details for 127 Newbury St
Price
$915,000
Type
Multi Family
Bedrooms
8
Total Bathrooms
5
Full Bathrooms
5
Year Build
1900
Sq. Ft.
4317
Lot Size
0.17
County
Plymouth
Total Rooms
18
Basement
Full, Unfinished
Tax
$8,266
MLS®️ Listing#
73372323
On exitrealty.com
195 days
Property Description
127 Newbury Street consists of a three-story building containing five (5) residential units comprised of three (3), 2-Bedroom/1-Bathroom units and two (2), 1-Bedroom/1-Bathroom units with 4,317 square feet of living area in 6,009 total gross square feet and is situated on a 0.17-acre parcel of land with off-street parking available to tenants. Utilities are separately metered for electricity, heat, and hot water which the tenants pay directly. Unit 1 (2 bed/1 bath) recently became vacant, the Property offers a 8.07 current cap rate and in-place rents are significantly below the current market rates. The opportunity exists to increase income via programmatic updates to the unrenovated units, common areas and exteriors to drive rental rates in a high demand/supply-constrained residential market.
Property Features
Listing Courtesy: Horvath & Tremblay - 781-776-4000. Presented by: Jason Kulik
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Market statistics compiled from data from Massachusetts Association of REALTORS.
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$915,000

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