188 Belleville Rd, New Bedford, MA, 02745 | $534,000
Strong 3-family opportunity in the North end of New Bedford, offering great condition, updated systems, off-street parking for tenants, and clear upside for investors and owner-occupants. This well-maintained multi-family property features two 2-bedroom units plus a 1-bedroom third-floor unit, creating a flexible unit mix with room for rent growth. The first-floor unit stands out with forced hot air and central A/C, adding comfort that is hard to find in comparable properties. Major updates include plumbing and electrical within the past 12 years, plus hot water tanks replaced in 2022 and 2023, helping support a more turnkey ownership experience. Added income potential with coin-op laundry in the basement. Located less than 1 mile from the Church St T station and close to Brooklawn Park, Riverside Park, highway access, shopping, dining, and amenities, this property offers the convenience today’s tenants want. A solid multi-family investment in a strong commuter location.
Features
- Amenities: Public Transportation, Shopping, Laundromat, Highway Access, House of Worship, T-Station, Sidewalks
- Rooms: 10
- Bedrooms: 5
- Baths: 3 full
- Units: 3
- Laundry: Electric Dryer Hookup, Washer Hookup
- Year Built: 1908
- Basement: Full, Sump Pump, Concrete, Unfinished
- Approx Sq. Feet: 1,791
- Acreage: 0.06
- Est. Taxes: $5,066
- Lot Desc: Level
- Appliances: Range, Refrigerator
- MLS#: 73504299
- Website: https://www.raveis.com
/prop/73504299/188bellevillerd_newbedford_ma?source=qrflyer
Listing by Bradford Thelin courtesy of RE/MAX Vantage Phone: 774-992-0297
William Raveis Family of Services
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888.699.8876
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Kate RockettRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1500191
617.281.4872
Kate.Rockett@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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- Provides a guaranteed closing date that meets your needs
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Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
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Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
188 Belleville Rd, New Bedford, MA, 02745
$534,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Kate Rockett
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $427,200 | $427,200 | $427,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.230% | 6.512% | 5.866% |
| Monthly Tax Payment | $422 | $422 | $422 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,527 | $2,665 | $3,519 |
| Total Monthly Payment | $3,041 | $3,179 | $4,033 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630