Listed by MG Commercial
$950,000
152 Forbes Street
Details
Property Type Mixed Use
Sub Type Commercial
Square Footage 5,260
Units 5
Cap Rate 9.24%
NOI $87,791
Class B
Acreage 0.500
Zoning C1
Mixed Use | 9.24% CAP | 5,260 SqFt
Marketing description
152 Forbes street is a multi-use, contractor owned and occupied
Building for over 40 years. This property has been meticulously
Maintained with an "Open checkbook" with no known deferred
Maintenance. The building is currently occupied by a construction
Company on the first floor and lower level and has 4, single bedroom
Apartments on the top floor. Building can be converted back to all
Apartments should one desire. There is also a 700 sf garage on-site
Utilized by the construction company.
152 Forbes Street is located just a couple of minutes off the Wampanoag Trail, Route 114 providing easy highway access to I-195 and the East Bay.
Investment highlights
- Contractor owned and occupied building for 40 years
- Building is in superior condition
- Includes 4, 1 bedroom residential apartment units
- Centrally located and convenient to Routes 114, I-195 and many area amenities
Listing Contacts
Listed by MG Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,791.00
$7,315.92/mo
Valuation Metrics
0
DSCR
9.24%
Cap Rate
9.24%
ROI
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