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$875,000
9
Beds
8
Baths
6,016
Living Area
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Property Description
Fully occupied 8-unit apartment building just north of downtown Taunton, steps from Morton Hospital. Unit mix of three 3BR, one 2BR and four 1BR apartments (15 bedrooms, 8 full baths) plus a 12-space private lot with 1–2 off-street spaces per unit. Since 2020 the owners have invested heavily: new boiler (2025), repaved and striped lot (2021), new basement laundry room with 2 washers/2 dryers (2022), new rear exterior stairway (2024), and in 2026 a fully rewired fire alarm system, new security cameras, new front entry doors and locks, and water-saving showerheads in every unit. Nearly every toilet has been replaced, and several units have new flooring and stoves. Rents remain under market, with increases already contracted for 1/1/27 that raise monthly rent from $8,610 to $9,950 ($119,400 gross annually) - built-in income growth with no lease-up risk. Individually metered electric; coin-op laundry on site.
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Highlights
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1900
- Parking Spots: 12
- Property Type: 5-9 Family
- Total Rooms: 18
- Status: Closed
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Additional Details
- Exterior Features: Rain Gutters
- Lot Features: Level
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: 3.33
- Foundation: Stone
- Roof: Shingle
- Total Number of Units: 8
- Year Built Source: Public Records
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Amenities
- Community Features: Shopping, Pool, Park, Golf, Laundromat, Highway Access, House of Worship, Public School
- 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: $850,200
- Taxes: $9,471
- Tax Year: 2026
- Total Rent: $8,610
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