North Attleboro, MA 02760,131 Chestnut St
North Attleboro, MA 02760,131 Chestnut St
North Attleboro, MA 02760,131 Chestnut St
18
$3,575,000
$3,750,000
4.7%
Est.Price: ?

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32 BD
16 BA
13,664 SqFt

131 Chestnut St North Attleboro, MA 02760

Est. payment /mo
SOLD DATE : 05/30/2024

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Key Details

Sold Price $3,575,000

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Side by Side

Listing Status Sold

Purchase Type For Sale

Square Footage 13,664 sqft

Price per Sqft $261

MLS Listing ID 73203934

Sold Date 05/30/24

Bedrooms 32

Full Baths 16

Year Built 1969

Annual Tax Amount $29,793

Tax Year 24

Lot Size 0.800 Acres

Acres 0.8

Property Description

131 Chestnut Street consists of two adjacent buildings with (16) 2-Bed/1-Bath units. Majority of the units have been renovated with new kitchens featuring quartz or granite countertops and stainless-steel appliances. The units also have new floors (hardwood, vinyl plank and carpet), updated bathrooms and in-wall AC units. Additionally, the Property features a laundry facility in each building, on-site storage lockers for tenants, and approximately 40 parking spaces. Building "A" was re-built within the past 10 years. The Property is separately metered for electric heat (baseboard) and hot water, which the tenants pay directly. The Landlord is responsible for common area electric and domestic water and sewer. The majority of the tenants are "Tenant at Will" and pay below market rents, providing the opportunity to increase rents to market rates immediately. The subject property is ideal for a potential buyer looking for income growth and strong investment returns with significant upside

Location

State MA

County Bristol

Zoning C30

Direction Off Route 1

Interior

Heating Electric

Appliance Washer, Dryer

Exterior

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, Private School, Public School

Roof Type Shingle

Total Parking Spaces 40

Garage No

Building

Story 2

Foundation Block

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Horvath & Tremblay
Bought with John Pentore • Horvath & Tremblay

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agent

Andrew Tibma

License ID: 9582448

+1(617) 939-8984

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