Property Description

Welcome to the historic "CARRIAGE HOUSE". Special Permit in hand and renovations underway to convert to an 8-Unit apartment building consisting of 2-Two Bedroom, 5-One Bedroom and 1-Studio. Heated rentable space 5389sf. Heated common space 189sf Total Heated space 5557sf. Lower Level coin-op laundry room. BEING SOLD FULLY COMPLETED! Beautiful building in a fabulous location near everything. PROJECTED ANNUAL INCOME $136,560 EXPENSES $34,338. NET ANNUAL INCOME BEFORE DEBT SERVICE $102,222. Currently 3-tenants in place generating $3,100/month income while under renovation. Building history, building plans, site plan and projected rent roll/expenses in detail available to bona fide interested buyers. CURRENT ZONING WOULD ALLOW, BY SPECIAL PERMIT, THE CONSTRUCTION OF A SECOND BUILING WITH UP TO 17-ADDITIONAL APARTMNETS UNITS.

Property Details

$975,000
72211667
54 Longmeadow Road
Taunton MA 02780
Map
ACT
N
8
5-9 Family
1880
$7,082.00
$471,800
2017
2
96,671
5,389
0
Y
7
10
9
0

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