$800,000
0.1
Acres
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Property Description
This prime 5-unit mixed-use building in downtown New Bedford presents a great investment opportunity, offering both immediate cash flow and long-term potential. The property includes four residential units — two three-bedroom apartments and two two-bedroom apartments — some of which have been fully renovated to feature spacious, airy living areas that attract quality tenants and enhance rental value. The fifth unit is a well-established restaurant and bar, serving as a neighborhood staple for over 20 years. The current owner plans to remain with a new long-term lease, ensuring a stable income stream. With a mix of updated residential units and a commercial anchor, this property offers a secure, low-maintenance asset in a high-demand area near local amenities and public transportation. Ideal for both experienced investors and newcomers looking for a reliable, income-generating investment.
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Highlights
- Property Class: Commercial Sale
- Status: Closed
- Year Built: 1884
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Additional Details
- Zoning: Mub
- Zoning Description: Legal Conforming
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Fees / Taxes
- Tax Year: 2025
- Taxes: $6,419
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