162 Warren Ave
Brockton, MA 02301

$2,500,000

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Listing Details

$2,500,000
MLS# 73512302
Type Commercial - Investment
Status Active

16,576
Square Feet
0.166 acres
Lot Size
1890
Year Built

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Listed By

Agency Name: eXp Realty
Agent Name: Bascom Group
Agency Phone: 888-854-7493

Shown By

Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080

Home Value Estimate

Description

162 Warren Avenue is a fully licensed 36-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 8.69 % cap rate at the $2,500,000 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....read more

Features

$17,596 Taxes
Built in 1890

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