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162 Warren Ave, Brockton, MA 02301
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$2,800,000
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Home Details for 162 Warren Ave
Price
$2,800,000
Type
Multi Family
Bedrooms
2
Full Bathrooms
2
Year Build
1890
Sq. Ft.
12432
Lot Size
0.17
County
Plymouth
Total Rooms
33
Basement
Full
Tax
$17,596
MLS®️ Listing#
73444455
On exitrealty.com
96 days
Property Description
162 Warren Avenue is a fully licensed 33-room lodging house in the heart of Brockton, including 2 one-bedroom apartments and 1 studio. This three-story, 12,432 SF building generates $403,476 in gross annual income from diversified sources including room rents, laundry, vending, ATM, and storage. With operating expenses of $186,280, the property produces a net operating income of $217,196, delivering a 7.75% cap rate at the $2,800,000 asking price. Situated on a 0.17-acre parcel zoned C2 Commercial, the property offers both stable cash flow and long-term redevelopment potential. The building is fully functional with consistent occupancy. Its prime location places it near downtown Brockton, the MBTA Commuter Rail, and Vincentes Supermarket, offering investors a rare chance to acquire a stabilized income-producing asset with future upside.
- Water Features
- Public
- Basement
- Full
Listing Courtesy: eXp Realty - 888-854-7493. Presented by: Creatini Group
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Market statistics compiled from data from Massachusetts Association of REALTORS.
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