997 Broadway, Raynham, MA 02767
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$700,000
5 Unit
5 Beds
5 Baths
3094 SQFT
0.52 Acre

Property Description

997 Broadway consists of a two-story building containing five (5), 1-Bedroom/1-Bathroom residential units with 3,094 square feet of living area in 3,374 total gross square feet. Situated on a 0.53-acre parcel of land, the property offers ample off-street parking for residents, onsite laundry, and individual private storage units. 997 Broadway is separately metered for electricity which the tenants pay directly. The Landlord is responsible for common area electric, oil-fired heat, hot water, and domestic water and sewer. 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 exterior to drive rental rates.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 6
  • Total Bedrooms: 5
  • Total Full Baths: 5
  • Amenities: Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Shopping, Walk/Jog Trails
  • Basement Features: Partial
  • Common Interior Features: Storage
  • Common Appliances: Dryer, Washer
  • Common Heating: Electric Baseboard, Gas, Hot Air Gravity, Hot Water Baseboard, Oil, Radiant

Financial

  • APOD Available: Yes
  • Gross Operating Income: 59240
  • Gross Expenses: 23554
  • Net Operating Income: 35686

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1960
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73318581
  • Last Updated: 12/13/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/13/2024Active$700,000$226MLSPIN
12/09/2024New$700,000$226MLSPIN

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Seller's Representative: Jason Kulik, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-12-13 03:05:00

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