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.
- Basement:
- Full, Unfinished
- Parking:
- Off Street, Paved Drive
- Construction:
- Frame
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Move-in fees: first month and security deposit are due at lease signing., Sold strictly as-is. Active knob-and-tube wiring present. Buyer to perform all due diligence. Property not eligible for conventional financing; cash or renovation/construction loan required. Seller and listing broker make no representations or warranties. Sellers have not lived in house for 35+ yrs
- Garage Parking
- Lead Paint:
- Unknown
- Rent Fee Includes:
- Unit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
- Market Time:
- 18
- Parking Spaces:
- 8
- Tax Year:
- 2024
- Status:
- Closed
- Price Per Sqft:
- $208
- Zoning:
- R3
- No Units:
- 5
- Orig Price:
- $915,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- Brockton
- State:
- MA
- County:
- Plymouth
- Postal Code:
- 02301
- Longitude:
- W72° 58' 23.7''
- Latitude:
- N42° 4' 56.2''
Residential Income
127 Newbury St, Brockton, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $915,000
- Bedrooms :
- 8
- Rooms :
- 18
- Total Bathrooms :
- 5
- Full Bathrooms :
- 5
- Square Footage :
- 4,317 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.17 Acre
- Listing ID :
- 73372323
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
