127 Newbury StBrockton, MA 02301

Property Details for 127 Newbury St

Year built

1900

Lot size

0.17 AC

Property size (Sq ft)

6,009 SF

Property type

Apartment buildings

Description

This exceptional value-add opportunity presents a five-unit apartment building situated on a 0.17-acre lot in Brockton, Massachusetts. The three-story, 6,009 square foot building boasts 4,317 square feet of net rentable space, currently housing three two-bedroom/one-bathroom units and two one-bedroom/one-bathroom units. With a 100% occupancy rate and a strong net operating income (NOI) of $61,192, this property offers a compelling 6.80% cap rate. The asking price is $900,000, translating to $180,000 per unit. Built in 1900, the property features separately metered utilities (tenant-paid electricity, gas, and heat

Location Insight

City

Brockton

County

Plymouth

State

Massachusetts

Latitude

42.0823

Longitude

-71.0265

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