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580 Bay St

6 Unit Block of Flats £588,307 (£98,051/Unit) 6.31% Net Initial Yield Taunton, MA 02780

Investment Highlights

  • Convenient Location
  • Separately Metered Utilities
  • Strong Rental Demographics & Demand
  • Value-Add Opportunity
  • Off-Street Parking
  • Quality of Life Amenities

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 580 Bay Street in Taunton, Massachusetts (the “Property”). The three-story building contains six (6) residential units comprised of three (3), 2-Bedroom/1- Bathroom units and three (3), 1-Bedroom/1-Bathroom units with 4,449 square feet of living area in 6,470 total gross square feet. The Property is situated on a 0.19-acre corner parcel of land and features an on-site laundry facility and on-site parking available for tenants. 580 Bay Street is well-located in a renter-dominated market and well-maintained with low historical vacancy. There is a limited supply of multifamily property in Bristol County with a high demand for rental units. The Property is situated on the north side of Taunton and offers tenants convenient access to Downtown Taunton, municipal offices, area schools, area shopping (Walmart Supercenter, Market Basket, Trucchi’s, Walgreens, CVS), several options for restaurants and bars, and convenient access to the area’s major roadways.

Property Facts

Price £588,307 Building Class C
Price Per Unit £98,051 Lot Size 0.19 AC
Sale Type Investment Building Size 6,470 SF
Net Initial Yield 6.31% Average Occupancy 100%
No. Units 6 Number of Floors 3
Property Type Residential Year Built 1900
Property Subtype Apartment
Price £588,307
Price Per Unit £98,051
Sale Type Investment
Net Initial Yield 6.31%
No. Units 6
Property Type Residential
Property Subtype Apartment
Building Class C
Lot Size 0.19 AC
Building Size 6,470 SF
Average Occupancy 100%
Number of Floors 3
Year Built 1900
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580 Bay St, Taunton, MA - aerial map view

PROPERTY TAXES

Parcel Number TAUN-000038-000259 Improvements Assessment £366,869
Land Assessment £102,993 Total Assessment £469,862

PROPERTY TAXES

Parcel Number
TAUN-000038-000259
Land Assessment
£102,993
Improvements Assessment
£366,869
Total Assessment
£469,862
(781) 776-4000 x4002

  • Listing ID: 34092356

  • Date on Market: 05/12/2024

  • Last Updated:

  • Address: 580 Bay St, Taunton, MA 02780

The Residential Property at 580 Bay St, Taunton, MA 02780 is currently available For Sale. Contact Horvath & Tremblay for more information.

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© 2024 CoStar Group

580 Bay St
(781) 776-4000 x 4002

580 Bay St

Dennis Kelleher

(781) 776-4000

x4002

(781) 776-4000 x4002

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