358 Court Street New Bedford — Photo 1 of 10
$225,000
Investment Analysis — 358 Court Street
New Bedford, MA 02740
Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a home in 02740 carries an estimated $1,160/mo in gross rent — about a 2.64% cap rate and $5,949/yr in estimated NOI at the $225,000 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
1
SqFt
1,050
Style
Other
Built
1914
Great opportunity to own this charming and exceptionally well-maintained 1050 sq.ft commercial building situated on a 2352 sq.ft.lot in the west end neighborhood of New Beford. Located in an RA Residence A zoning district, this versatile one-level property offers potential for a verity of uses, including office, retail service, and more. (subject to zoning approval). This building features an attractive vertical board-sided facade with vinyl siding on the remaining exterior, a newer roof, and an abundance of natural sunlight. The welcoming front office area is carpeted while the rear portion provides excellent storage space, with ample shelving. Lower level with well-maintained Oil fired forced hot water baseboard heating system, 200-amp electrical service, also offers storage area. Pride of ownership is evident throughout this well-cared for property. A wonderful opportunity for an owner-user, small business, or investor seeking a manageable and versatile property in New Bedford. The convenient West End location, with easy access to Downtown area amenities, including shopping, dining, and minutes to major highways.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: Donna Limajohnson
Listing Office: NE Real Estate Services
MLS® Number: 73572451