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Home Massachusetts Multi-Family Homes for Sale

997 Broadway Raynham, MA 02767
14 Days on Jacob Realty
13
$700,000
Total Beds: 5 Total Baths: 5
Total Units: 5 SQFT: 3094
LOT size: 0.52 Acres
997 Broadway
Raynham, MA 02767
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Property Description

997 Broadway consists of a two-story building containing five (5), 1-Bedroom/1-Bathroom residential units with 3,094 square feet of living area in 3,374 total gross square feet. Situated on a 0.53-acre parcel of land, the property offers ample off-street parking for residents, onsite laundry, and individual private storage units. 997 Broadway is separately metered for electricity which the tenants pay directly. The Landlord is responsible for common area electric, oil-fired heat, hot water, and domestic water and sewer. In-place rents are significantly below the current market rates; the opportunity exists to increase income via programmatic updates to the unrenovated units, common areas, and exterior to drive rental rates.
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Property Details

Building Information

  • Total Units: 5
  • Total Floors: 6
  • Total Bedrooms: 5
  • Total Full Baths: 5
  • Amenities: Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Shopping, Walk/Jog Trails
  • Basement Features: Partial
  • Common Interior Features: Storage
  • Common Appliances: Dryer, Washer
  • Common Heating: Electric Baseboard, Gas, Hot Air Gravity, Hot Water Baseboard, Oil, Radiant

Financial

  • APOD Available: Yes
  • Gross Operating Income: 59240
  • Gross Expenses: 23554
  • Net Operating Income: 35686

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Levels: 1

Unit 2 Description

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

Unit 3 Description

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

Unit 4 Description

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

Construction

  • Year Built: 1960
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73318581
  • Last Updated: 12/13/24

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Map

Seller's Representative: Jason Kulik, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
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 2024-12-13 03:05:00

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