162 Warren Ave, Brockton, MA 02301
- $2,500,000
- 36
- BD
- 12
- BA
- 12,432
- SqFt
Listing courtesy of Listing Agent: Bascom Group from Listing Office: eXp Realty.
- List Price
- $2,500,000
- Status
- ACTIVE
- Days on Market
- 92
- MLS#
- 73513906
- Subtype
- Residential Income
- Year Built
- 1890
- Bedrooms
- 36
- Bathrooms
- 12
- Full Baths
- 12
- Living Area
- 12,432
- Lot Size
- 7,222
- Acres
- 0.17
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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Additional Information
- Taxes
- $17,596
- Zoning
- C2
- Stories
- 3
- Levels
- 3
- Foundation
- Concrete Perimeter
- Parking Features
- Paved Drive, Off Street, Paved
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