162 Warren Avenue is a fully licensed 36-room lodging house in the heart of Brockton, including 2 one-bedroom apartments and 1 studio. This three-story, 12,432 SFbuilding generates $403,476 in gross annual income from diversified sources including room rents, laundry, vending, ATM, and storage. With operating expenses of$186,280, the property produces a net operating income of $217,196, delivering a 8.69 % cap rate at the $2,500,000 asking price. Situated on a 0.17-acre parcel zoned C2Commercial, the property offers both stable cash flow and long-term redevelopment potential. The building is fully functional with consistent occupancy. Its primelocation places it near downtown Brockton, the MBTA Commuter Rail, and Vincentes Supermarket, offering investors a rare chance to acquire a stabilized incomeproducing asset with future upside.
78 days
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273
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11
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Zillow last checked:
Listing updated:
Listed by:
Bascom Group781-929-5800,
eXp Realty LLC888-854-7493,
Lala Robinson617-777-8149
Source: MLS PIN,MLS#: 73513906
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 36
Bathrooms: 12
Full bathrooms: 12
Features
Basement: Unfinished
Has fireplace: No
Interior area
Total structure area: 12,432
Total interior livable area: 12,432 sqft
Finished area above ground: 12,432
Property
Parking
Total spaces: 3
Parking features: Paved Drive, Off Street, Paved
Uncovered spaces: 3
Lot
Size: 7,222 Square Feet
Details
Parcel number: M:091 R:019 S:,961498
Zoning: C2
Construction
Type & style
Home type: MultiFamily
Property subtype: 5+ Family - Rooming House
Materials
Foundation: Concrete Perimeter
Condition
Year built: 1890
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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