580 Bay St, Taunton, MA 02780
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$750,000
6 Unit
9 Beds
6 Baths
4449 SQFT
0.19 Acre

Property Description

580 Bay Street consists of a three-story building containing six (6) residential units comprised of three (3), 2-Bedroom/1-Bathroom units and three (3), 1-Bedroom/1-Bathroom units with 4,449 square feet of living area in 6,470 total gross square feet. Situated on a 0.19-acre corner parcel of land, the property offers ample off-street parking for residents. All units are separately metered for electricity and gas-fired heat and hot water which the tenants pay directly. The Landlord is responsible for common area electric, and domestic water and sewer. All tenants are tenant-at-will. 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: 6
  • Total Floors: 9
  • Total Bedrooms: 9
  • Total Full Baths: 6
  • Amenities: Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Shopping, Walk/Jog Trails
  • Basement Features: Full
  • Common Appliances: Dryer, Washer
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil

Financial

  • APOD Available: Yes
  • Gross Operating Income: 69648
  • Gross Expenses: 22330
  • Net Operating Income: 47317

Utilities

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

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

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

Unit 4 Description

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

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73318243
  • Last Updated: 12/10/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/10/2024Active$750,000$169MLSPIN
12/06/2024New$750,000$169MLSPIN

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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: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-12-10 03:05:00