Direct: 617-775-6944 • Fax: 508-543-7911
Ginger Reilly
30 Mechanic St
Foxboro, MA 02035

Direct: 617-775-6944 
Fax: 508-543-7911 

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15-17 Fulton Pl, Mansfield, MA 02048

Multi-Family

$1,580,000
Price

21
Units
7,273
Approx. GLA
21 UNITS TOTAL!! Very Rare Cash Flow Opportunity In Mansfield Center. 3 separate buildings. Main Building is a Licensed Rooming house with 16 total rental rooms. Each floor has 2 common bathrooms. There is common kitchen and coin up laundry. Well managed building with low turn over and several Long term tenants. Huge potential value add on 3rd floor currently used as owners office but has space to potentially expand. 3 family and 2 family on the same lot with current long term tenants. Large lot with plenty of off street parking. Buildings have Under market rents and has potential to make it a much bigger CASH COW. Seller has made several Improvements over the years to Make this a TURN KEY INVESTMENT OPPURTUNITY. Please inquire for rent roll and Income Expense reports.
Open House
No scheduled Open Houses
Highlights
List Price: $1,580,000
Type: Multi-Family
Multi-Family Type: 5+ Family - Rooming House
Status: Active
Beds: 23
Baths: 9
Units: 21
Year Built: 1991
Year Round: Yes
Approx. GLA: 7,273
MLS#: 72291234
 
Interior
Basement: Yes
Electricity Cost: $5,728
Rooms: 28
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.32
Lot Size: 14,115.00
Lot Description: Paved Drive, Fenced/Enclosed
Foundation: Fieldstone
Parking Spaces: 16
Parking Features: Off-Street, Paved Driveway
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $815,400
Taxes: $12,247
Tax Year: 2017
Book/Page: 15756/72
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $172,480
Gross Expenses: $42,066
Total Rent: $14,373
Net Income: $130,414
Heat Cost: $3,349
Insurance Cost: $7,690
Management Cost: $614
R&M Cost: $4,075
Water Cost: $4,764
Misc. Cost: $1,163
 
Additional
Amenities: Shopping, Park, Laundromat
Exclusions: Tenants Belongings
Disclosure Declaration: No
Disclosure: One of the units in the 2 family is currently being rented as 2 rooms with a shared bath. Was being used that way when seller bought.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 4 2 0 1 1 0 Yes 2 $750
Unit 2 4 2 0 2 1 0 Yes 2 $1,050
Unit 4 0 0 0 0 0 0 0
Units Extras
Common
Rooms:  Living Room, Dining Room, Kitchen, Family Room, Laundry, Other (See Remarks) 
Map
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The listing office is Access and the listing agent is Alex Walsh. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 10/18/2018 2:35:00 PM.
 
Ginger Reilly
Ginger Reilly
RE/MAX Real Estate Center



RE/MAX Real Estate Center   Ginger Reilly
RE/MAX Real Estate Center
30 Mechanic St • Foxboro, MA 02035 Map it
Direct: 617-775-6944 • Fax: 508-543-7911
gingerreilly@comcast.net

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