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$700,000
Est. payment /mo
8 Beds
8 Baths
4,490 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 4,490 sqft
Price per Sqft $155
MLS Listing ID 73312851
Bedrooms 8
Full Baths 8
Year Built 1850
Annual Tax Amount $4,676
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Exceptional Investment Opportunity – APPROVED 8-Unit Development Site in Prime Downtown New Bedford. Presenting a rare chance to secure a fully approved multi-family development in the heart of historic downtown New Bedford, Massachusetts. This shovel-ready project offers investors a streamlined path to construction with zoning and site plans already approved by the city. Situated in a high-demand rental market, this property's interior has been demolished, cleaned, and ready for immediate build-out. With all major groundwork completed, you can pull permits and get to work without delay. The site is approved for an 8-unit apartment building, ideal for maximizing rental income or long-term asset growth in one of the South Coast's most promising urban revitalization zones!
Location
State MA
County Bristol
Zoning MUB
Direction USE GPS
Rooms
Basement Full, Walk-Out Access
Interior
Fireplaces Number 2
Exterior
Garage Spaces 1.0
Community Features Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, House of Worship, Public School
Roof Type Shingle
Total Parking Spaces 4
Garage Yes
Building
Lot Description Corner Lot
Story 3
Foundation Granite
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Naples Realty Group