New Bedford MA 🏠 Multifamily Rental Opportunity!

12 Harmony St, New Bedford, MA 02744

This six-unit multifamily property presents an exceptional investment opportunity with its steady cash flow and significant potential for value appreciation. All leases are conveniently month-to-month, allowing for flexible adjustments. Rents are currently below market value, offering ample room for a value-add strategy to maximize returns. Situated in a prime location just minutes away from the ocean, Cisco Brewers-New Bedford, Downtown, and other attractions, this property offers both convenience and potential for long-term growth. Call today!!!

🌟Property Details🌟

6 units

Unit mix: 4 units: 1 bed/1 bath, 2 units: 2 bed/1 bath

Year Built: 1892

Square Footage: 3,735 

🌟Property Overview🌟

Tenants cover utilities, except for common areas, streamlining operational costs. Additionally, the property boasts an owned solar system, enhancing its sustainability and reducing energy expenses.

City water and sewer

Property is heated with natural gas with all stand up wall units that are in good shape. Roof and siding will need to be updated. There is also some water damage on the third floor units due to a section in the roof.

Current rents: $1100, $650, $1100, $900, $700, $950

PHOTOS coming soon!

Asking Price: $519,900💰

ARV: $650,000 +💸

SOLD COMPS:

7 Salisbury St, New Bedford, MA 02744

Sold 6 units, sold on 03/20/24 for $680,000 (UPDATED) 

12 bed / 6 bath 4,542 sqft

**PLEASE CALL TO SCHEDULE SHOWINGS**