Property is mixed use (2 buildings on 1 Lot) w/ a 5 family residence & a stand alone loft building currently permitted for residential use. Property also being offered at 6 figure discount if purchased with 65 Hillman St. Together, 11 rental incomes for sale at $1.22mm, comprised of 4 buildings: 65 Hillman Street & detached garage, 629 (5 units) & 623 (stand alone unit) Purchase St. (includes coin-op laundry). Tenants pay all of their own utilities. Many upgrades including newer architectural & rubber membrane roofs, high efficiency mini-splits (all Purchase St. units), replacement windows, circuit breakers, rehabbed interiors, new oil tank. Letter of Full Initial Lead Inspection Compliance for 65 Hillman St. 3rd floor apartment & common areas in hand. Properties feature desirable downtown locations close to restaurants, shops, museums & MBTA station. All public utilities, all units fully applianced, separated electrical services, fully fenced private yards. Please see other listings.
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Last Updated: November 21st, 2024 at 6:18am
Walk/jog Trails
Conservation Area
Highway Access
House Of Worship
Public School
Shopping
Golf
Park
Medical Facility
Bike Path
Public Transportation
T-station
Pool
Tennis Court(s)
Stable(s)
Marina
Private School
University
Sidewalks
General Information for 629 Purchase St, New Bedford, Massachusetts 02740
Property TypeResidential Income
Property Sub TypeMulti Family
Price$680,000
Price per sqft$117.95
MLS #73313350
Handicap Access / FeaturesNo
List Date2024-11-16
Special Listing Conditions
StateMassachusetts
Street NamePurchase St
CityNew Bedford
Zip Code02740
CountyBristol
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones10
Sold Date
Property Sub TypeMulti Family
Building Area SourceMeasured
Building Area Total5765
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress629 Purchase St, New Bedford MA 02740
Zoning
Interior Features for 629 Purchase St, New Bedford, Massachusetts 02740
* Approx. Living Area Total5,765 sq ft
Living Area Includes BasementNo
Bedrooms7
* # Fireplaces4
Bathrooms (Total)6
Full Baths6
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
6
Electric
Living Area DisclosureBroker/Owner. $73,800 gross income.
Living Area Includes BasementNo
Door Features
ElectricYes
Electric$0
MLS Area (Major)Center
MLSPIN_BEDRMS_11
MLSPIN_BEDRMS_21
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_32
MLSPIN_F_BTHS_41
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_40
OffMarketDate
Exterior Features for 629 Purchase St, New Bedford, Massachusetts 02740
* Approximate Lot Size0.13 acres
Covered Parking Spaces0
Lot FeaturesCleared, Level
* Parking Spaces0
* Sewer Utilities
* Water Utilities
* Year Built1922
Year Built Details
Year Built SourcePublic Records
Construction MaterialsBlock, Brick, Frame
Exterior Features
Foundation Area
Foundation MaterialsConcrete Perimeter
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)5,506 Sqft
Disclosures for 629 Purchase St, New Bedford, Massachusetts 02740
Buyer Agent Compensation
Contingency
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area DisclosureBroker/Owner. $73,800 gross income.
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 629 Purchase St, New Bedford, Massachusetts 02740
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$73,800
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_32
MLSPIN_LEVELS_41
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT11400
MLSPIN_RENT21000
MLSPIN_RENT31100
MLSPIN_RENT4850
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$64,200
OperatingExpense$0
OriginalListPrice$680,000
RENT_FEE_INCLUDES
TOTAL_RENT6150
WaterSewerExpense$0
Lifestyle Information for 629 Purchase St, New Bedford, Massachusetts 02740
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features1 To 2 Mile To Beach, Bay, Beach Front, Beach Ownership(public), Ocean
Location information for 629 Purchase St, New Bedford, Massachusetts 02740
Elementary School
Middle School
High School
NumberOfUnitsTotal6
Marketing History for 629 Purchase St, New Bedford, Massachusetts 02740
MLSPIN_MARKET_TIME_BROKER4
MLSPIN_MARKET_TIME_PROPERTY4
PurchaseContractDate
Agent Information for 629 Purchase St, New Bedford, Massachusetts 02740