Residential Income in Brockton

$2,500,000

162 Warren Ave, 02301, Brockton, MA

Residential Income for sale in Brockton, 162 Warren Ave, 02301, 12432 m²

162 Warren Ave, 02301, Brockton, MA

$2,500,000

36Bed
12Bath
12432
Type: Residential Income

Description

162 Warren Avenue is a fully licensed 36-room lodging house in the heart of Brockton, including 2 one-bedroom apartments and 1 studio. This three-story, 12, 432 SFbuilding generates $403, 476 in gross annual income from diversified sources including room rents, laundry, vending, ATM, and storage. With operating expenses of$186, 280, the property produces a net operating income of $217, 196, delivering a 8.69 % cap rate at the $2, 500, 000 asking price. Situated on a 0.17-acre parcel zoned C2Commercial, the property offers both stable cash flow and long-term redevelopment potential. The building is fully functional with consistent occupancy. Its primelocation places it near downtown Brockton, the MBTA Commuter Rail, and Vincentes Supermarket, offering investors a rare chance to acquire a stabilized incomeproducing asset with future upside.

Location

162 Warren Ave, 02301, Brockton, MA

Data

Object TypeResidential Income
Purchase Price$2,500,000
Living Space12432 m²
Plot Size670.95 m²
Bathrooms12
Construction Year1890
ConditionNot specified
Rooms54

Energy Information

Heating TypeN/A
Primary Energy SourceN/A
Construction Year1890
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent

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Real Estate Agent