New Bedford
OPPORTUNITY KNOCKS FOR YOU!! This is not your ordinary multi-family!! Currently used as a fully licensed rooming house, this can be easily adapted to a 3-family unit too! Property is in excellent condition! Features include updated roof, vinyl siding, electric, $40,000 security system, handsome hardwood flooring, Generac generator, handicap accessible living for first floor, detached office building and storage building in rear, washer dryer hookups! The property Its currently leased for 2 years by a large non-profit who pays $96,000 per year rent plus nearly all expenses including gas, electric, water, trash, taxes, insurance, wi-fi, small repairs, For a landlord it’s 100% hands-off. Lessee handles repairs and maintenance, etc. Seller has a scheduled sprinkler installation for September 2022 and will credit buyer remaining balance at closing. All appointments must be scheduled 48 hours in advance.
Rooming House license is non-transferable but the city of New Bedford will issue a new owner the license upon application