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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

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    $22,367/mo

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    What's special

    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

    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