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Legend Realty Services LLC
39 Sycamore St, New Bedford, MA 02740
- $699,000
- 12
- BD
- 4
- BA
- 2,329
- SqFt
- List Price
- $699,000
- Status
- ACTIVE
- MLS#
- 73592513
- Bedrooms
- 12
- Bathrooms
- 4
- Full Baths
- 2
- Half Baths
- 2
- Living Area
- 2,329
- Lot Size (Acres)
- 0.09
- Year Built
- 1876
Property Description
Discover an exceptional opportunity to acquire a high-performing, two-story, 12-room rooming house situated on a corner lot with a spacious backyard. Generating over $10,000 per month in rental income, this turnkey asset offers strong existing cash flow, an established management structure, and long-term upside, making it an ideal addition to any real estate portfolio. The property features a practical layout distributed across two floors, comprising 12 rooms, 2 full bathrooms, and 2 half bathrooms, while the expansive backyard provides valuable outdoor space for residents. Positioned on a prominent corner lot, there is added flexibility to explore adding a driveway or dedicated off-street parking, subject to local zoning regulations and municipal approvals. Investors will appreciate the established operation with a hands-on property manager overseeing day-to-day operations for a streamlined, hands-off ownership experience. Whether you are an experienced investor looking to scale your portfolio or seeking a reliable income-producing property with immediate return, this listing delivers a rare blend of stability and potential. Strong cash flow, established management, and outstanding potential make this a versatile investment not to miss; buyer and buyer’s agent to perform all due diligence regarding property details, square footage, room count, rental income, zoning, parking feasibility, and municipal approvals.
Additional Information
- Taxes
- $6,110
- Parking Description
- Off Street
- Lot Description
- Other
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Philip Rebello from Listing Office: Keller Williams South Watuppa.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.