Introducing 24-28 Frontage Street, a lucrative investment opportunity with a 6.83% cap rate. This unique four-family property stands as a prime asset for savvy investors looking to capitalize on the high demand for rental units in the area.Home features 4 updated rental units, new roof, vinyl windows, paved off street parking for all tenants, coin operated laundry unit & maintenance free exterior all on a ¾ acre lot. Each of the four units are designed for maximum efficiency and tenant comfort, with layouts optimized for rental income generation. 3 of the 4 units boast 2 bedrooms, 1 bath, spacious living rooms, updated kitchens and dining areas. The 4th unit features 1 bedroom, 1 bath, an updated kitchen, living room and dining area.Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a solid entry into the real estate market, 24-28 Frontage Street presents an enticing opportunity for financial growth and long-term wealth accumulation.
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Last Updated: October 7th, 2024 at 4:24pm
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General Information for 24-28 Frontage St, Westport, Massachusetts 02790
Property TypeResidential Income
Property Sub TypeMulti Family
Price$850,000
Price per sqft$272.44
MLS #73222320
Handicap Access / FeaturesNo
List Date2024-04-10
Special Listing ConditionsNo
StateMassachusetts
Street NameFrontage St
CityWestport
Zip Code02790
CountyBristol
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date30/05/2024
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total3120
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress24-28 Frontage St, Westport MA 02790
Zoning
Interior Features for 24-28 Frontage St, Westport, Massachusetts 02790
* Approx. Living Area Total3,120 sq ft
Living Area Includes BasementNo
Bedrooms6
* # Fireplaces0
Bathrooms (Total)4
Full Baths4
* # Half Baths0
* # Rooms
Basement
Heating System
AppliancesNo
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door FeaturesNo
ElectricYes
Electric$1,400
MLS Area (Major)
MLSPIN_BEDRMS_12
MLSPIN_BEDRMS_22
MLSPIN_BEDRMS_32
MLSPIN_BEDRMS_41
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_41
MLSPIN_GRE$8,010
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_40
OffMarketDate18/07/2024
Exterior Features for 24-28 Frontage St, Westport, Massachusetts 02790
* Approximate Lot Size0.85 acres
Covered Parking Spaces0
Lot FeaturesNo
* Parking Spaces8
* Sewer Utilities
* Water Utilities
* Year Built1900
Year Built Details
Year Built SourcePublic Records
Construction MaterialsFrame
Exterior Features
Foundation Area
Foundation MaterialsConcrete Perimeter
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)37,200 Sqft
Disclosures for 24-28 Frontage St, Westport, Massachusetts 02790
Buyer Agent Compensation2
ContingencyPending P&S
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation0
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 24-28 Frontage St, Westport, Massachusetts 02790
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceOwner
Gross Income$67,800
Insurance Expense$3,000
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_41
MLSPIN_MGF$0
MLSPIN_MSE$460
MLSPIN_RENT11500
MLSPIN_RENT21450
MLSPIN_RENT31400
MLSPIN_RENT41300
MLSPIN_RFS$1,350
MLSPIN_RME$1,800
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$59,790
OperatingExpense$8,010
OriginalListPrice$875,000
RENT_FEE_INCLUDESNo
TOTAL_RENT5650
WaterSewerExpense$0
Lifestyle Information for 24-28 Frontage St, Westport, Massachusetts 02790
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront FeaturesNo
Location information for 24-28 Frontage St, Westport, Massachusetts 02790
Elementary School
Middle School
High School
NumberOfUnitsTotal4
Marketing History for 24-28 Frontage St, Westport, Massachusetts 02790
MLSPIN_MARKET_TIME_BROKER66
MLSPIN_MARKET_TIME_PROPERTY66
PurchaseContractDate2024-04-18
Agent Information for 24-28 Frontage St, Westport, Massachusetts 02790
Agent MLS IDFR800556
Office MLS IDAN8166
Buyer Agent MLS ID
Buyer Office MLS ID
Team Members
Payment Calculator
, Interest
Property Taxes $0
Principal & Interest 5237.43
HOA Dues $0
Exclusive Listing Agent
Jennifer DaPonte
Berkshire Hathaway HomeServices Robert Paul Properties