$1,595,000 ($440.36 per sqft)

Est. Mortgage $7,753/mo *

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1148 American Legion Hwy, Westport, MA, 02790

1148 American Legion Hwy, Westport, MA, 02790
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16 rooms

13 beds

13 Full baths

1948

3,622 sqft

STRONG INCOME POTENTIAL. Cash-flow positive 13-unit multi-family investment opportunity, or possible commercial re-development opportunity (property is located in Business zoning district), located in the desirable coastal town of Westport, MA. 1148 American Legion Highway is known as “177 Studio Apartments”, a one-level 13-unit studio apartment building. The 1-acre property has significant exposure along well-traveled MA State Rte. 177, with close proximity to Interstate 195 and U.S. Rte. 6. The multi-family building situated on a 1-acre parcel (28-37-0) can also be sold with an adjacent .75-acre vacant parcel (28-32D-0). Studio apartments each have own full bath (w/ shower), fridge & kitchen sink. See floor plan. 177 Studio Apartments has been owned by the same owner for over 50 years and has a history of long-term, stable at-will tenancy. Natural gas. Septic & well. Consult pages 30-46 in Westport zoning bylaws attached to listing.

Status:

Active

Type:

Multi-family

Units:

13

Zoning:

R1

Heating:

Baseboard, Natural Gas, Common

Basement:

Partial, Crawl Space, Interior Entry

Levels:

2

Parking:

15-car, Paved Drive, Off Street, Common, Paved

Acreage:

1

Est. Taxes:

$6,222

Assessment

$854,700

Construction

Frame

Lot Description:

Corner Lot, Additional Land Avail.

Amenities:

Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School, University

Appliances:

Refrigerator

MLS #:

73515607

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Christopher M. Demakis, Demakis Family Real Estate, Inc.