131 Chestnut Street consists of two adjacent buildings with (16) 2-Bed/1-Bath units. Majority of the units have been renovated with new kitchens featuring quartz or granite countertops and stainless-steel appliances. The units also have new floors (hardwood, vinyl plank and carpet), updated bathrooms and in-wall AC units. Additionally, the Property features a laundry facility in each building, on-site storage lockers for tenants, and approximately 40 parking spaces. Building "A" was re-built within the past 10 years.  The Property is separately metered for electric heat (baseboard) and hot water, which the tenants pay directly. The Landlord is responsible for common area electric and domestic water and sewer. The majority of the tenants are "Tenant at Will" and pay below market rents, providing the opportunity to increase rents to market rates immediately. The subject property is ideal for a potential buyer looking for income growth and strong investment returns with significant upside
Sold for $3,575,000 on 05/30/24
$3,575,000
131 Chestnut St, North Attleboro, MA 02760
32beds
13,664sqft
5+ Family - 5+ Units Side by Side
Built in 1969
-- sqft lot
$-- Zestimate®
$262/sqft
$1,949 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 30, 2024 at 02:25pm
Listed by:
John Pentore,
Horvath & Tremblay
Bought with:
John Pentore
Horvath & Tremblay
Source: MLS PIN,MLS#: 73203934
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 32
 - Bathrooms: 16
 - Full bathrooms: 16
 
Heating
- Electric
 
Features
- Has basement: No
 - Has fireplace: No
 
Interior area
- Total structure area: 13,664
 - Total interior livable area: 13,664 sqft
 
Property
Parking
- Total spaces: 40
 - Parking features: Paved Drive, Off Street
 - Has uncovered spaces: Yes
 
Lot
- Size: 0.80 Acres
 
Details
- Parcel number: 2869817
 - Zoning: C30
 
Construction
Type & style
- Home type: MultiFamily
 - Property subtype: 5+ Family - 5+ Units Side by Side
 
Materials
- Foundation: Block
 - Roof: Shingle
 
Condition
- Year built: 1969
 
Utilities & green energy
- Electric: Individually Metered
 - Sewer: Public Sewer
 - Water: Public
 
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, Private School, Public School
 
Location
- Region: North Attleboro
 
HOA & financial
Other financial information
- Total actual rent: 27165