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580 Bay St

6 Unit Apartment Building $1,063,065 CAD ($177,178 CAD/Unit) 6.31% Cap Rate Taunton, MA 02780

Investment Highlights

  • Convenient Location
  • Separately Metered Utilities
  • Strong Rental Demographics & Demand
  • Value-Add Opportunity
  • Off-Street Parking
  • Quality of Life Amenities

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 580 Bay Street in Taunton, Massachusetts (the “Property”). The three-story building contains six (6) residential units comprised of three (3), 2-Bedroom/1- Bathroom units and three (3), 1-Bedroom/1-Bathroom units with 4,449 square feet of living area in 6,470 total gross square feet. The Property is situated on a 0.19-acre corner parcel of land and features an on-site laundry facility and on-site parking available for tenants. 580 Bay Street is well-located in a renter-dominated market and well-maintained with low historical vacancy. There is a limited supply of multifamily property in Bristol County with a high demand for rental units. The Property is situated on the north side of Taunton and offers tenants convenient access to Downtown Taunton, municipal offices, area schools, area shopping (Walmart Supercenter, Market Basket, Trucchi’s, Walgreens, CVS), several options for restaurants and bars, and convenient access to the area’s major roadways.

Property Facts

Price $1,063,065 CAD
Price Per Unit $177,178 CAD
Sale Type Investment
Cap Rate 6.31%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.19 AC
Building Size 6,470 SF
Average Occupancy 100%
No. Stories 3
Year Built 1900

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
TAUN-000038-000259
Land Assessment
$184,763 CAD
Improvements Assessment
$658,138 CAD
Total Assessment
$842,901 CAD
  • Listing ID: 34092356

  • Date on Market: 2024-12-05

  • Last Updated:

  • Address: 580 Bay St, Taunton, MA 02780

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