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Listing Details
- $2,500,000
- MLS# 73513906
- Type Multi Unit - Multiple
- Status Active
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 SFbuilding 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 C2Commercial, the property offers both stable cash flow and long-term redevelopment potential. The building is fully functional with consistent occupancy. Its...read more
Features
- 3.0 Stories
- $17,596 Taxes
- Public
- Built in 1890
Gallery
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
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