Listed by: Jayson LaPlante from Milestone Realty, Inc.
Amazing Opportunity to own the iconic Bristol Lodging House located in downtown Taunton. The Bristol offers 15 efficiency units with shared bathrooms and a private 1st floor Manager’s Office. This property is part of three properties being sold individually or as a potential package deal. This profitable rooming house is heated by gas, offers on site laundry, city water, sewer, and TMLP for electric. This would be an ideal property for 1031 exchange buyers or someone looking to add a valuable asset to their property portfolio. All appliances are owned by the seller and will be included in the sale of this property. All tenants are TAW with no leases in effect. Longterm tenants bring stability to new owners. Fire Alarm & Sprinklers. Converted from oil to gas 2024. Located within walking distance to many local restaurants, Steward Hospital, coffee shops, government buildings, bus station, and retail stores. This is an extremely rare business opportunity with potential for added income.
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View full listing details | Price: | $$800,000 |
| Address: | 68 Broadway |
| City: | Taunton |
| County: | Bristol |
| State: | Massachusetts |
| MLS: | 73302067 |
| Acres: | 0.21 |
| Lot Square Feet: | 0.21 acres |
| Bathrooms: | 3 |
| zoning: | OFFDIS |
| taxYear: | 2024 |
| directions: | Taunton Green to RT 138 North (Broadway) |
| contingency: | Pending P&S |
| disclosures: | Current tenants are (TAW) with no leases in effect. Limited showings of the property and common areas will be permitted pre-offer. Full showings to include all units will be permitted upon an agreeable offer being accepted. All measurements are approximate and should be verified by Buyers and Agents |
| grossIncome: | 119640 |
| lotSizeArea: | 0.21 |
| businessType: | 5+ Residential |
| lotSizeUnits: | Acres |
| taxBookNumber: | 10907 |
| taxAnnualAmount: | 5313 |
| operatingExpense: | 33498 |
| buildingAreaUnits: | Square Feet |
| existingLeaseType: | Net |
| farmLandAreaUnits: | Square Feet |
| zoningDescription: | Legal Conforming |
| netOperatingIncome: | 86142 |
