37 S 6th St
$947,900
6
Beds
9
Baths
7,015
Sqft
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$947,900
6
Beds
9
Baths
7,015
Living Area
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Property Description
Fantastic 8-Family in Prime New Bedford Location – Strong Cash Flow with Immediate Upside! This well-maintained property is a rare find for investors seeking a stabilized, income-producing asset in one of New Bedford’s most desirable rental markets. Featuring six 1-bedroom units and two studios, the property is currently generating $8,500/month with one unit delivered vacant, providing a clear path to over $11,000/month once fully stabilized. Many units have already been renovated, and recent property improvements include a newer roof and separately metered gas and electric, keeping operating costs low. Additional income potential exists through off-street parking and a detached garage. Located close to downtown, public transportation, and major highways, this property offers a strong in-place return with long-term growth potential. OPEN HOUSE: SATURDAY (8/23) AND SUNDAY (8/24) FROM 12-2 PM.
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Highlights
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1834
- Parking Spots: 4
- Property Type: 5-9 Family
- Total Rooms: 18
- Status: Active
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Foundation: Brick/Mortar
- Lot Features: Corner Lot
- Roof: Other
- Total Number of Units: 8
- Year Built Source: Public Records
- Basement: Unfinished
- Flooring: Wood
- Interior Features: Living Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Ra
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, House of Worship, Private School, Public School, T-Station, University
- Covered Parking Spaces: 4
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Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,082,300
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $12,241
- Compensation Based On: Net Sale Price
- Tax Year: 2025
- Total Rent: $10,000
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Listing information provided courtesy of Four Points Real Estate, LLC.
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