BEDS36
BATHS12 full
SQUARE FEET12,432
MLS#73513906
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Lot Size: 0.17 Acres
Stories: 3.0
Taxes: $17,596
Year Built: 1890
Feature Descriptions
Building Area Total: 12432
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 38
Dwelling Type: 5+ Family - Rooming House
Open Parking Y/N: Yes
Parcel Number: M:091 R:019 S:,961498
Parking Features: Paved Drive, Off Street, Paved
Parking Total: 3
Rooms Total: 54
Sewer: Public Sewer
Units: 36
Water: Public
Listed By / Shown By
Listed By
Agency Name: eXp Realty
Agent Name: Bascom Group
Agency Phone: 888-854-7493
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 7,759.42 per month $5,563.92 Principal & Interest $1,466.33 Property Tax $729.17 Homeowner's Insurance
162 Warren Ave | MLS# 73513906
This multi-family property located at 162 Warren Ave, Brockton, MA 02301 is currently listed for sale with an asking price of $2,500,000. Search Brockton real estate on www.masiellogrouprealestate.com today.