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16 Days on Jacob Realty
12
$750,000
Total Beds: 9 Total Baths: 6
Total Units: 6 SQFT: 4449
LOT size: 0.19 Acres
580 Bay St
Taunton, MA 02780
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Property Description

580 Bay Street consists of a three-story building containing 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. Situated on a 0.19-acre corner parcel of land, the property offers ample off-street parking for residents. All units are separately metered for electricity and gas-fired heat and hot water which the tenants pay directly. The Landlord is responsible for common area electric, and domestic water and sewer. All tenants are tenant-at-will. 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.

Property Details

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 9
  • Total Full Baths: 6
  • Amenities: Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Shopping, Walk/Jog Trails
  • Basement Features: Full
  • Common Appliances: Dryer, Washer
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil

Financial

  • APOD Available: Yes
  • Gross Operating Income: 69648
  • Gross Expenses: 22330
  • Net Operating Income: 47317

Utilities

  • Electric Info: Individually Metered
  • 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: 1
  • Levels: 1

Unit 3 Description

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

Unit 4 Description

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

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73318243
  • Last Updated: 12/10/24

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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: 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 2024-12-10 03:05:00