153 Belleville Ave

• Strong In-Place Income 10-unit apartment asset with $210,900 current gross potential rent and $155,225.08 T12 NOI.
• Documented Rent Upside Current rents total $17,575/month versus $19,550/month pro forma, supporting $23,700 of verified annual upside.
• Low Expense Load Tenants pay heat and units are separately metered for electric, helping keep a low expense ratio.
• Updated Unit Condition Ownership reports some of the units have undergone recent updates and the property features a new roof, reducing near-term capital needs.
• Efficient 10-Unit Mix The building totals approximately 10,576 SF and includes a 7x 3BR+1BA / 3x 2BR+1BA unit mix suited to broad renter demand.
• Walkable New Bedford Setting Located at 153 Belleville Ave, New Bedford, MA, the property is described as being within walking distance to Market Basket, Starbucks, convenience retail, and restaurants.
• Close Proximity to Highways Building is located close to I-195 and Route-18, allowing tenants to easily commute