Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

162 Warren Ave

Brockton, MA ID #73513906

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162 Warren Ave

- Brockton, MA ID #73513906

Property Description

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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, Multi Family
  • Zip Code: 02301
  • Taxes: 17,596
  • Levels: 3
  • Acres: 0.17

Parking

  • Garage Capacity: 3
  • Parking: Paved, Off Street
  • Parking Spaces: 3

Rooms/Dimensions

  • Total Units: 36
  • Total Floors: 3
  • Total Rooms: 54
  • Has Basement: Yes

Location

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162 Warren Ave, Brockton, MA

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Bascom Group of eXp Realty. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.