$699,000

House for sale New Bedford
Property photo number 1 of 16 Photos for Property. File  106175054_29_09eb257ed2b97e715df58d36f1220c3e.jpeg

Overview

SUMMARY: Discover an opportunity with this New Bedford house for sale and available for $699,000. This could be your next ideal home or a smart investment. More details await.
Discover an exceptional opportunity to acquire a high-performing, two-story, 12-room rooming house situated on a corner lot with a spacious backyard. Generating over $10,000 per month in rental income, this turnkey asset offers strong existing cash flow, an established management structure, and long-term upside, making it an ideal addition to any real estate portfolio. The property features a practical layout distributed across two floors, comprising 12 rooms, 2 full bathrooms, and 2 half bathrooms, while the expansive backyard provides valuable outdoor space for residents. Positioned on a prominent corner lot, there is added flexibility to explore adding a driveway or dedicated off-street parking, subject to local zoning regulations and municipal approvals. Investors will appreciate the established operation with a hands-on property manager overseeing day-to-day operations for a streamlined, hands-off ownership experience. Whether you are an experienced investor looking to scale your portfolio or seeking a reliable income-producing property with immediate return, this listing delivers a rare blend of stability and potential. Strong cash flow, established management, and outstanding potential make this a versatile investment not to miss; buyer and buyer's agent to perform all due diligence regarding property details, square footage, room count, rental income, zoning, parking feasibility, and municipal approvals.
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Details

  • Beds: 12
  • Baths: 2.5
  • Price: $699,000
  • Area: 2,329 sqft

Location

Marketed by:

  • Listing Manager
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