$2,500,000
36
Beds
12
Baths
12,432
Living Area
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Property Description
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.
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Highlights
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1890
- Parking Spots: 3
- Property Type: 5+ Family - Rooming House
- Total Rooms: 54
- Status: Active
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Additional Details
- Basement: Unfinished
- Road Frontage Type: Public
- Total Number of Units: 36
- Year Built Source: Public Records
- Foundation: Concrete Perimeter
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: C2
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Amenities
- Community Features: 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
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,453,000
- Taxes: $17,596
- Tax Year: 2025
- Total Rent: $32,000
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Listing information provided courtesy of eXp Realty LLC.
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