STRONG INCOME POTENTIAL. Cash-flow positive 13-unit multi-family investment opportunity, or possible commercial re-development opportunity (property is located in Business zoning district), located in the desirable coastal town of Westport, MA. 1148 American Legion Highway is known as “177 Studio Apartments”, a one-level 13-unit studio apartment building. The 1-acre property has significant exposure along well-traveled MA State Rte. 177, with close proximity to Interstate 195 and U.S. Rte. 6. The multi-family building situated on a 1-acre parcel (28-37-0) can also be sold with an adjacent .75-acre vacant parcel (28-32D-0). Studio apartments each have own full bath (w/ shower), fridge & kitchen sink. See floor plan. 177 Studio Apartments has been owned by the same owner for over 50 years and has a history of long-term, stable at-will tenancy. Natural gas. Septic & well. Consult pages 30-46 in Westport zoning bylaws attached to listing.
106 days
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Zillow last checked:
Listing updated:
Listed by:
Christopher M. Demakis508-287-2695,
Demakis Family Real Estate, Inc.508-758-8181
Source: MLS PIN,MLS#: 73515607
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 13
Bathrooms: 13
Full bathrooms: 13
Heating
Baseboard, Natural Gas, Common
Appliances
Included: Refrigerator
Features
Studio
Basement: Partial,Crawl Space,Interior Entry
Has fireplace: No
Interior area
Total structure area: 3,622
Total interior livable area: 3,622 sqft
Finished area above ground: 3,622
Property
Parking
Total spaces: 15
Parking features: Paved Drive, Off Street, Common, Paved
Uncovered spaces: 15
Features
Waterfront features: Unknown To Beach
Lot
Size: 1 Acres
Features: Corner Lot, Additional Land Avail.
Details
Parcel number: M:28 L:37,2998079
Zoning: R1
Construction
Type & style
Home type: MultiFamily
Property subtype: 5-9 Family
Materials
Frame
Foundation: Irregular
Roof: Shingle
Condition
Year built: 1948
Utilities & green energy
Sewer: Private Sewer
Water: Private
Community & HOA
Community
Features: Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School, University