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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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1148 American Legion Hwy , Westport, MA 02790
$1,595,000
Est. Payment: $3,544.44/mo
0 Bed
13 Bath
3622 Sqft
Status: Under Agreement | Days on site: 73
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AN4538 - BB985280
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

STRONG INCOME POTENTIAL. Cash-flow positive 13-unit multi-family investment opportunity, or POSSIBLE COMMERCIAL RE-DEVELOPMENT opportunity (property is located in Business zoning district), located in the desirable coastal town of Westport, MA. 1148 American Legion Highway is known as “177 Studio Apartments”, a one-level 13-unit studio apartment building. The 1-acre property has significant exposure along well-traveled MA State Rte. 177, with close proximity to Interstate 195 and U.S. Rte. 6. The multi-family building situated on a 1-acre parcel (28-37-0) can also be sold with an adjacent .75-acre vacant parcel (28-32D-0). Studio apartments each have own full bath (w/ shower), fridge & kitchen sink. See floor plan. 177 Studio Apartments has been owned by the same owner for over 50 years and has a history of long-term, stable at-will tenancy. Natural gas. Septic & well. Consult pages 30-46 in Westport zoning bylaws attached to listing.
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Highlights

Listed by Christopher M. Demakis , 508-287-2695 Demakis Family Real Estate, Inc. , 508-758-8181.

Property Type

Commercial Sale
Lot/Acreage
1

Year Built

1948

County

Bristol

Listing ID

73515612

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:13
  • ▪ Full Bathrooms:

Exterior Features

Zoning:Other (See Remarks)
Principal Interest
$3,544
Taxes
$519

Home Price

$1,595,000

Loan Details

30 yrs
%

Down Payment

20%
$319,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,544.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,544.44 $518.50 $0.00 $4,062.94
Yearly $42,533.33 $6,222.00 $0.00 $48,755.33
Total $1,276,000.00 $186,660.00 $0.00 $1,462,660.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Westport, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.