First showings will have access to the one vacant apartment and the basement area. This property is located in one of New Bedford's many wonderful historic neighborhoods - the local neighborhood park, Clasky Common Park, dates back to the 1820's. The neighborhood has easy access to Public Transportation which is greatly enhanced by the new South Coast Rail connection at Church Street and Acushnet Ave Stations, with Commuter Rail connection to Boston and all the towns/cities in between. This well maintained 4-unit property comes to market with one unit, a 1-bedroom apartment on the first floor, vacant. The other 3 apartments are TAW with TAW signed agreements - current rents likely have room to increase to a higher market rate level. Recent property improvements include vinyl siding and basement structural work. Current owner has formalized the 3-bedroom "cottage" unit. See Disclosures for ongoing parking details
This home has been viewed 14 times
Last Updated: April 2nd, 2025 at 4:48am
Gross Income: $50,400
Gross Expenses: $4,924
Net Income Calc: $45,476
CAP Rate: 7.59%
Annual Expenses for 109 Smith St, New Bedford MA 02740
Total Gross Expenses (Calculated)$4,924/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$4,924
Annual Income & Unit Breakdown for 109 Smith St, New Bedford MA 02740
Total Gross Income (Calculated)$50,400
Unit 1
Rental Income1000
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income900
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 3
Rental Income1000
LeaseN
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingYes
Rent Includes
Unit 4
Rental Income1300
LeaseN
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit2
HeatingYes
Rent Includes
General Information for 109 Smith St, New Bedford MA 02740
Listing ID73343835
Property TypeMulti Family / 4 Family
Price$599,000 ($204.09/SqFt)
Style
CityNew Bedford
CountyBristol
MLS Area
Neighborhood(s)
Approximate Living Area Total2,935 SqFt
Approximate Lot Size (Acres)0.07 acres
Total Parking0
Garage Parking
Year Built1920
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesLevel, Corner Lot
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningRB
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 109 Smith St, New Bedford MA 02740
Disclosures for 109 Smith St, New Bedford MA 02740
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureFloor plan labels show potential use as 8 bedroom
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$50,400
Total Net Income By Broker$50,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 109 Smith St, New Bedford MA 02740
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, Public School, Park, Public Transportation, T-station
Contact Information for 109 Smith St, New Bedford MA 02740