62-64 North St New Bedford — Photo 1 of 17
$650,000
Investment Analysis — 62-64 North St
New Bedford, MA 02740
Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 2-unit multi-family in 02740 carries an estimated $3,960/mo in gross rent — about a 5.41% cap rate and $35,158/yr in estimated NOI at the $650,000 list price. Adjust every assumption in the calculator below.
Beds
8
Baths
2
SqFt
2,657
Style
2 Family - 2 Units Up/Down
Built
1865
Fully renovated two-family home with a cottage-style setup, completely renovated down to the studs! Extensive updates include new electrical, plumbing, heating systems with baseboard heat, insulation, flooring, kitchens, bathrooms, granite countertops, roof, siding, windows, and more. Move right in and enjoy a property that has already undergone a major renovation.Situated on a double lot with plenty of off-street parking. Lots formerly identified as 62–64 North St have been merged and will be conveyed together. The adjacent portion of the lot previously had a dwelling and is currently improved with a gravel/stone parking area. Buyer and buyer’s agent to perform their own due diligence regarding any potential future development, permitting, zoning, and buildability.Property will be delivered fully vacant, offering flexibility for an owner-occupant or investor. A great opportunity to own a renovated multifamily with additional land and parking. Schedule your showing today!
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 MLS and other third-party data may be inaccurate or out of date.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: Team Roso
Listing Office: RE/MAX Vantage
MLS® Number: 73579014
