$599,000
Total Beds: 12 Total Baths: 6
Total Units: 5 SQFT: 4916
LOT size: 0.10 Acres
155 Onset Ave
Wareham, MA 02532

Property Description

Attention Investors. Fully occupied 5 unit Multi-Family within walking distance to Onset Village/Onset Beach. Property consists of 3 - 3 bedroom units (one with 2 baths), a two bedroom/1 bath and a one bedroom/one bath unit. All units have separate utilities. Now is a good time to invest in this up and coming area. All units are in good shape. Potential rental income growth with higher market rents. Longer term tenants with good history. New roof in 2018. Income/Expense Proforma attached. All pictures before units were occupied. Showing appointments on Saturday if possible. Lead Certificates available for all unit except 1 bedroom unit.

Property Details

Building Information

  • Total Units: 5
  • Total Rent: 6150
  • Total Floors: 7
  • Levels: 2
  • Total Rooms: 22
  • RMS: 22
  • Total Bedrooms: 12
  • Total Full Baths: 6
  • Amenities: Golf Course, House of Worship, Laundromat, Marina, Medical Facility, Private School, Public School, Public Transportation, Walk/Jog Trails
  • Basement Features: Full, Unfinished Basement

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Expenses Year End: 12/19
  • Gross Operating Income: 73800
  • Gross Expenses: 27933
  • Electric Expenses: 576
  • Sewage: 3130
  • Water/Sewer: 1990
  • INSC: 11635
  • RFS: 3000
  • Miscellaneous Expense: 1402
  • Net Operating Income: 42177

Utilities

  • Heat Zones: 5
  • Hot Water: Natural Gas
  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Rent: 1600
  • Under Lease: Yes
  • Rooms: 6
  • Floors: 1
  • Bedrooms: 3
  • Full Baths: 2
  • Levels: 1

Unit 2 Description

  • Rent: 1200
  • Under Lease: Yes
  • Rooms: 4
  • Floors: 2
  • Bedrooms: 2
  • Full Baths: 1
  • Levels: 1

Unit 3 Description

  • Rent: 1500
  • Under Lease: No
  • Rooms: 5
  • Floors: 2
  • Bedrooms: 3
  • Full Baths: 1
  • Levels: 1

Unit 4 Description

  • Rent: 1250
  • Under Lease: No
  • Rooms: 5
  • Floors: 1
  • Bedrooms: 3
  • Full Baths: 1
  • Levels: 1
Unit 5 Description
  • Rent: 600
  • Under Lease: No
  • Rooms: 2
  • Floors: 1
  • Bedrooms: 1
  • Full Baths: 1
  • Fireplaces: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Certified Treated, Yes
  • Year Round: Yes

Other Information

  • MLS ID# 72622597
  • Last Updated: 04/03/20

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