365 Hersom New Bedford — Photo 1 of 1
$525,900
Investment Analysis — 365 Hersom
New Bedford, MA 02745
Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 2-unit multi-family in 02745 carries an estimated $2,790/mo in gross rent — about a 3.77% cap rate and $19,833/yr in estimated NOI at the $525,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
3,062
Style
2 Family - 2 Units Up/Down
Built
1923
Welcome to this charming two family home located in the North end of New Bedford- with vacant first floor! This bright and versatile two-family property offers a wonderful opportunity for homeowners and investors alike. The first floor unit is currently vacant so with just a little updating - "fresh paint and refinished floors" - you can transform it into a beautiful home just in time for the holidays. The home features 2 bedrooms in each unit with an additional den/office area. The second floor unit offers an additional room which can be used as an office, play area or additional living space. The home has a 2 car garage with an additional storage area for all those garden tools and outdoor equipment. The spacious backyard is perfect for summer cookouts, family gatherings, entertaining and even gardening. Plenty of outdoor space to enjoy year round. The basement comes with washer and dryer hookups for each unit. (washer and dryer is included with the first floor unit). There is a 1/2 bath in the basement as well as a laundry/utility sink. Plenty of shelving also adds to the storage in this great home. A full walk up attic completes this great opportunity. If your looking for a home with income potential, flexibility with room to grow then this is a must see.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Listing Agent: Sandra Simmons
Listing Office: Keller Williams South Watuppa
MLS® Number: 73579622
