Weichert, Realtors® - Briarwood Real Estate
Christina Martinez, Weichert, Realtors® - Briarwood Real EstatePhone: (508) 326-6538
Email: [email protected]
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listing
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CommercialFor Sale
$1,499,900
30 Intervale St
Brockton, MA 02302
Courtesy of Vicente Realty, LLC - Adelino Vicente
MLS Property Information Network
Est. Mortgage
$7,842/mo

According to seller, this is approved to a total of 15 units. The breakdown are as follows: Six 3 beds, 6 two beds, 3 one beds, which should generate about $374,000+ a year once completed. This is truly shovel ready. Just pay the permit fee, and start construction all approved by the city to start construction. Full plans will be sent upon request. For the right buyer/investor, this will be a wonderfully modern asset, and once build it will have virtually no maintenance requirements and an amazing return. The property pro forma attached is assuming a $3.5 million dollar loan after construction with a $5.2 million dollar valuation. Buy: $1.5MBuild: $1.9MARV: $5-5.2MTake a look at this cool video from the seller https://youtu.be/CxZZu6ywOGUProforma is assuming a refinance loan of approx $3.5M with an appraised value of $5.2M. In the event the buyer leaves 20% in the deal, the cash on cash return is approx. 12% year one.

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Information courtesy of Vicente Realty, LLC is subject to verification and is not guaranteed.
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