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12 Chandler Avenue, Taunton, MA 02780

56 Bed, 31+ Bath Multi-Family Home For Sale

12 Chandler Avenue, Taunton, MA 02780 House For Sale - MLS #72112247
Under Agreement
$3,149,000
56
31 Full Bath, 9 Half Bath
Multi-Family
5+ Family
31

Property Description for 12 Chandler Avenue, Taunton, MA 02780

CASH COW! Introducing Chandler Tower, a gorgeous 31-unit apartment community spread throughout two interconnected two-story renovated mill apartment buildings redeveloped in 1991! The property unit mix includes 4 one bedroom, 2 one-bedroom townhouses, 8 two-bedrooms and 17 two-bedroom townhouses. The gross income is $368,220/year with an effective gross income of $360,274 (after deduction of 3% of $11,046 for vacancies/collections & $3,100 for laundry income) expenses of $76,563 and net income of $283,711. The estimated cap rate is 9% with an estimated return on investment of $18%!! A RARE OPPORTUNITY! Don't miss this one!!! Looking for a 1031 exchange property? Here it is!!!

Interior Details

38,840 sq. ft.
$81.08/sq. ft.

Exterior Details

0.83 acres
36,155 sq. ft.
31

Other Details

72112247
1900

Units Description

Unit #1
Rooms: 4      Bedrooms: 2      Full / Half Baths: 1 / 1      Levels: 3      Floor: 2      Rent: $1,100      Lease: Yes

Unit #2
Rooms: 4      Bedrooms: 2      Full / Half Baths: 1 / 1      Levels: 3      Floor: 1      Rent: $1,100     

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Town Description

Taunton is a city of rich diversity and is divided into five primary neighborhoods; Weir, Whittenton, Oakland, Westville and East Taunton. Each neighborhood has its own corner stores, churches,...

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