629 Purchase St, New Bedford, MA 02740
View Map
$680,000
6 Unit
7 Beds
6 Baths
5765 SQFT
0.13 Acre

Property Description

Property is mixed use (2 buildings on 1 Lot) w/ a 5 family residence & a stand alone loft building currently permitted for residential use. Property also being offered at 6 figure discount if purchased with 65 Hillman St. Together, 11 rental incomes for sale at $1.22mm, comprised of 4 buildings: 65 Hillman Street & detached garage, 629 (5 units) & 623 (stand alone unit) Purchase St. (includes coin-op laundry). Tenants pay all of their own utilities. Many upgrades including newer architectural & rubber membrane roofs, high efficiency mini-splits (all Purchase St. units), replacement windows, circuit breakers, rehabbed interiors, new oil tank. Letter of Full Initial Lead Inspection Compliance for 65 Hillman St. 3rd floor apartment & common areas in hand. Properties feature desirable downtown locations close to restaurants, shops, museums & MBTA station. All public utilities, all units fully applianced, separated electrical services, fully fenced private yards. Please see other listings.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 7
  • Total Full Baths: 6
  • Total Fireplaces: 4
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, House of Worship, Marina, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Stables, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Bulkhead, Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Interior Features: Programmable Thermostat, Tile Floor

Financial

  • APOD Available: Yes
  • Gross Operating Income: 73800
  • Net Operating Income: 64200

Utilities

  • Heat Zones: 10
  • Cooling Zones: 6
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows, Prog. Thermostat
  • Utility Connections: for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1922
  • Type: 5-9 Family
  • Construction Type: Aluminum, Block, Brick, Frame, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73313350
  • Last Updated: 11/20/24
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/20/2024Active$680,000$118MLSPIN
11/16/2024New$680,000$118MLSPIN

Mortgage Calculator

View Breakdown

Map

Seller's Representative: Nick Helgesen, Better Living Real Estate, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-11-20 03:05:00