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518 Cottage St, New Bedford, MA
Open House: Sun 1/19 12:00 PMPrice Reduced $10,000
0
$489,900
Total Beds: 5 Total Baths: 3
Total Units: 3 SQFT: 2160
LOT size: 0.07 Acres
518 Cottage St
New Bedford, MA 02740
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Property Description

Open House Sunday, 1/19, 12-1:30! Charming 3-Family Home with Recent Upgrades and Prime Location! Welcome to this gorgeous multi-family, offering spacious living and great investment potential. Located just half a mile from the new MBTA Commuter Rail Train Station, this property is ideal for commuters and offers a prime spot in a growing neighborhood. The first floor has been recently renovated, creating a fresh and updated living space. The first and second floors each feature 2 bedrooms and 1 bath, with oversized bathrooms offering plenty of space. The third floor boasts a cozy 1-bedroom, 1-bath unit. Each unit has its own utilities, and there is a dedicated house meter for added convenience. The space heater on the 3rd floor was replaced in 2022, and the cast iron waste pipe in the basement was replaced last year, providing peace of mind for years to come. The home features vinyl siding and mostly vinyl windows, keeping maintenance costs down while enhancing curb appeal.

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Amenities: Highway Access, Park, Public School
  • Basement Features: Full
  • Common Rooms: Dining Room, Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Appliances: Range, Refrigerator
  • Common Heating: Space Heater

Financial

  • APOD Available: No
  • Gross Operating Income: 31200
  • Net Operating Income: 31200

Utilities

  • Electric Info: Circuit Breakers, Common, Individually Metered, Other (See Remarks), Underground
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1892
  • Type: 3 Family
  • Foundation Info: Fieldstone
  • Lead Paint: Certified Treated, Unknown
  • Warranty: No

Other Information

  • MLS ID# 73321775
  • Last Updated: 01/13/25
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Brandan Burke, Amaral & Associates RE
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.

MLS PIN data last updated at 2025-01-13 17:44:00

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