580 Bay St
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580 Bay St
6 Unit Apartment Building $750,000 ($125,000/Unit) 6.31% Cap Rate Taunton, MA 02780
Investment Highlights
- Convenient Location
- Separately Metered Utilities
- Strong Rental Demographics & Demand
- Value-Add Opportunity
- Off-Street Parking
- Quality of Life Amenities
Executive Summary
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.
Property Facts
| Price | $750,000 | Building Class | C |
| Price Per Unit | $125,000 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 6,470 SF |
| Cap Rate | 6.31% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment |
| Price | $750,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 6.31% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,470 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
PROPERTY TAXES
| Parcel Number | TAUN-000038-000259 | Improvements Assessment | $467,700 |
| Land Assessment | $131,300 | Total Assessment | $599,000 |
PROPERTY TAXES
Parcel Number
TAUN-000038-000259
Land Assessment
$131,300
Improvements Assessment
$467,700
Total Assessment
$599,000
-
Dennis Kelleher -
Horvath & Tremblay
(781) 776-4000
x4002
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