162 Warren Ave, Brockton, MA, 02301
54 rooms
36 beds
12 Full baths
1890
12,432 sqft
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.
Status:
Active
Type:
Multi-family
Units:
36
Zoning:
C2
Basement:
Unfinished
Levels:
3
Parking:
3-car, Paved Drive, Off Street, Paved
Acreage:
0.17
Est. Taxes:
$17,596
Assessment
$1,453,000
Amenities:
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
MLS #:
73513906
Community Info
School Info
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Listing courtesy of Bascom Group, eXp Realty 888-854-7493