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$2,800,000
Est. payment /mo
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73431493
HOA Y/N false
Year Built 1890
Annual Tax Amount $17,596
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Property Description
162 Warren Avenue is a fully licensed 33-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 7.75% cap rate at the $2,800,000 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.
Location
State MA
County Plymouth
Zoning C2
Direction Warren Ave and L st
Exterior
Utilities Available Public Water, Public Sewer
Total Parking Spaces 3
Others
Senior Community false
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Listed by eXp Realty
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