73 Willis St New Bedford, MA 02740

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5 beds · 2 baths · 2,654 sq ft · Lot Size: 4,792 sq ft · Multi-Family Home (2 - 4 units) · Acushnet Heights
Est. Property Value: $456,018

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73 Willis St is in the Acushnet Heights neighborhood of New Bedford, MA. It is located in Bristol County and ZIP code 02740. This Multi-Family Home (2 - 4 units) was built in 1897 and is approximately 128 years old. The multi-family home (2 - 4 units) spans 2654 sq ft with 5 bedrooms and 2 bathrooms and sits on a 4792 sq ft lot. According to public records, it was sold for $86,000. The Acushnet Heights area of New Bedford has 911 residential homes with an average size of 2676 sq ft. Analyze and compare real estate investment strategies for properties like this home at 73 Willis St New Bedford, MA 02740 with Property Intel by Whitepages.

73 Willis St

New Bedford, MA 02740

Owner Info

Owners & Occupancy for 73 Willis St

This property is owned by James N Martins. Owner contact information includes 3 phone numbers and 5 email addresses.

Property Owners

Cell Phone(774) ***-****View Cell Phone
Residence***************
Landline(508) 999-1679
Distance from Property**********
Email Address********@yahoo.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1*****************
Resident 2*************** age 28
Resident 3******************** age 33
Resident 4************* age 44
Resident 5******************
Resident 6*************** age 56

Property Financials for 73 Willis St

73 Willis St, New Bedford, MA has a mortgage from Crossland Mtg Corp (orig. January 13, 2021). Bristol county annual taxes are $4,650.

Mortgage & Equity Information

Loan Amount$******
LenderCrossland Mtg Corp
Origination DateJanuary 13, 2021
Interest Rate****%
Term20 Years
Rate TypeFixed
Est Balance$********
Due Date****************
Equity View Equity

Property Tax

Property Tax Amount$4,650 in 2024
Purchase Price$86,000

Investment Potential for 73 Willis St

The property has a current estimated value of $456,018, which is 1% above the neighborhood median, based on public records. It last sold for $86,000. Projected long-term
is $44,400 annually ($3,700 per month) with a 92% occupancy rate.

Discover more Multi-Family Home (2 - 4 units)s in Acushnet Heights.

Long-Term

Gross Rental
$44,400 per year($3,700 per month)
Net Operating Income
Cap Rate
Occupancy Rate
92%in 02740 zip code
 
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Property Details for 73 Willis St

Property Details

Property Sq Ft

Living Area

2,654 sq ft

1% below market

Lot Size

4,792 sq ft

22% above market

Price Per Sq Ft

Living Area

$172 / sq ft

2% above market

Lot Size Area

$95 / sq ft

20% below market

Property condition, age, exterior, etc. for 73 Willis …
Longitude: -70.932537 Latitude: 41.643265 Parcel Number (APN): NEWB-000065-000000-000053…

Recommended Properties in Acushnet Heights

Discover more multi-family homes near 73 Willis St in New Bedford, Massachusetts. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 73 Willis St in Bristol County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$456,018
$692,355
-$236,337 (-34%)
$995,820
-$121,668 (-12%)
YoY Price Change
Year Built
1897
1909
-12 years
Living Space
2,654 sq ft
2,664 sq ft
-10 (0%)
$ Per Living Sq Ft
$172
$265
-$93 (-35%)
Lot Size
4,792 sq ft
5,663 sq ft
-871 (-15%)
$ Per Lot Sq Ft
$95
$133
-$37 (-28%)

Net Operating Income
$28,029
$2,453 (9%)
Annual Revenue
$44,400
$44,400
$0 (0%)
$16,527
-$2,609 (-16%)
Net Operating Income
$28,029
$2,453 (9%)
Cap Rate
3.8%
Home Value Comparison: Property vs. Local and Regional 5-Bed Multi-Family Home (2 - 4 units) Medians

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