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$2,500,000
162 Warren Ave, BROCKTON, BROCKTON, MA 02301
About this home
162 Warren Avenue is a fully licensed 36-room lodging house in the heart of Brockton, including 2 one-bedroom apartments and 1 studio. This three-story, 12,432 SF building generates $403,476 in gross annual income from diversified sources including room rents, laundry, vending, ATM, and storage. With operating expenses of $186,280, the property produces a net operating income of $217,196, delivering a 8.69 % cap rate at the $2,500,000 asking price. Situated on a 0.17-acre parcel zoned C2 Commercial, the property offers both stable cash flow and long-term redevelopment potential. The building is fully functional with consistent occupancy. Its prime location places it near downtown Brockton, the MBTA Commuter Rail, and Vincentes Supermarket, offering investors a rare chance to acquire a stabilized income-producing asset with future upside.
Property details
- MLS #
- 73512302
- Property type
- Home
- Year built
- 1890
- Interior
- 16,576 ft2
- Status
- Active
- Listed by
- Boston Realty
Listed 4 days ago
Facts & features
Location
Nearby
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