580 Bay St - Apartments FOR SALE


Taunton, MA 02780
$750,000 USD
781-776-4000
580 Bay St, Taunton, MA for Sale
$750,000 USD
Apartments - FOR SALE
1/10
null | 6.31% Cap Rate

580 Bay St
Taunton, MA 02780


HIGHLIGHTS

  • Convenient Location
  • Value-Add Opportunity
  • Separately Metered Utilities
  • Off-Street Parking
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 580 Bay Street in Taunton, Massachusetts (the “Property”). The three-story building contains six (6) residential units comprised of three (3), 2-Bedroom/1- Bathroom units and three (3), 1-Bedroom/1-Bathroom units with 4,449 square feet of living area in 6,470 total gross square feet. The Property is situated on a 0.19-acre corner parcel of land and features an on-site laundry facility and on-site parking available for tenants. 580 Bay Street is well-located in a renter-dominated market and well-maintained with low historical vacancy. There is a limited supply of multifamily property in Bristol County with a high demand for rental units. The Property is situated on the north side of Taunton and offers tenants convenient access to Downtown Taunton, municipal offices, area schools, area shopping (Walmart Supercenter, Market Basket, Trucchi’s, Walgreens, CVS), several options for restaurants and bars, and convenient access to the area’s major roadways.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$116 USD /SF

# OF UNITS

6

PRICE/UNIT

$125,000

CAP RATE

6.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

-

APN/PARCEL ID

TAUN-000038-000259

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.