420 Pembroke Street
- – beds
- – baths
- 7,698 sqft
- 4,356 sqft lot
- $63 per sqft
- 1902 build
- – on site
JUST LISTED! 10% CAP RATE! A 6-Unit Mixed-Use Commercial Building located steps away from Brass Pro Shop and near the new amphitheater and Steel Point. There are Four 3-Bedroom Residential Apartments and 2 Retail Storefront commercial units. (1 in use, 1 used as storage currently) All residential tenants want to remain and are month-to-month. One tenant is also the superintendent of the building. The retail store has 3 years left on their lease. TOTAL CURRENT GROSS INCOME: $69,600. TOTAL POTENTIAL GROSS INCOME: $79,200 (Potential for a 12% CAP RATE) w/the leasing of the unoccupied retail store for $800 per month. (The space was previously used for storage but is no longer. It is approximately 1,000 SF). Each apartment is $1,000 per month. The retail store income is $1,800 per month. The deli/grocery w/kitchen is leased (and not for sale). It is an active business with customers going in and out to buy groceries, pick up prepared hot food and sandwiches, lottery, etc. (see photos) There is a common restroom for the 2 stores to have use of. Photos show 2 of the 4 residential units and the active retail deli/grocery, as well as, the common area and basement. The Interior is in fair to good condition depending on the unit. The apartments are spacious with large rooms with some featuring hardwood floors, tile or carpeting. Total retail is 2,684SF per town records.Separate utilities. On street parking but also a couple of parking spaces are off street in rear of building.
Last checked:
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Last updated May 8, 2021
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MLS# 170382451 —
Amenities & Taxes
The Building
- Year Built:
- 1902
- Year Built Source:
- Public Records
- Construction:
- Frame
- New Construction:
- No/Resale
- Style:
- Units on different Floors, Units are Side-by-Side
- Total SqFt:
- 7698
- Roof:
- Flat
- Exterior Siding:
- Shingle
- Foundation:
- Concrete
Interior
- Basement Description:
- Full
The Property
- Acres:
- 0.1000
- Property Type:
- Multi-Family For Sale
- Property Sub Type:
- 5 Family+
- Zoning:
- R1
- Lot Description:
- N/A
Listing Agent
- Contact info:
- No listing contact info available
Taxes
- Property Tax:
- $13,394
- Tax Year:
- July 2020-June 2021
The Listing
- No
Heating & Cooling
- Heat Type:
- Radiator
- Heat Fuel Type:
- Oil
- Cooling System:
- Wall Unit
Utilities
- Fuel Tank Location:
- Above Ground
- Hot Water:
- Domestic
- Sewage System:
- Public Sewer Connected
- Water Source:
- Public Water Connected
Schools
- Elementary School:
- Per Board of Ed
- High School:
- Per Board Of Ed
The Community
- HOA:
- No
- Waterfront Description:
- Not Applicable
Parking
- Garage:
- Off Street Parking
Schools
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.
The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org
Monthly cost estimate
Asking price
$485,000
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,654
|
| Taxes | $1,116 |
| Insurance | $133 |
| Utilities | N/A |
| Total | $2,903/mo.* |
| *This is an estimate |
Flood Risk
Flood Factor® provides comprehensive flood risk information from rain, rivers, tides and storm surge and incorporates how future flood risk is changing over time because of a changing environment.
Flood Factor is a 1-10 scoring, from minimal to extreme, that tells you a property’s potential risk of flooding at least once over the life of a 30 year mortgage.
Flood risk data is provided by Flood Factor®, a product of First Street Foundation®. The Flood Factor model is designed to approximate flood risk and not intended to include all possible risks of flood.
- FEMA Zone (est.):
-
Flood insurance:
MassiveCert estimates that this property is in FEMA Zone X, which means that flood insurance is recommended, but not required.
Flood likelihood over time
| year | probability |
|---|---|
| 1y | 1% |
| 5y | 5% |
| 10y | 9% |
| 15y | 12% |
| 20y | 16% |
| 25y | 19% |
| 30y | 22% |
Because risk accumulates over time, this property has a 22% chance of flooding within the next 30 years.
Provided by Flood Factor™
View a full report on FloodFactor.com
WalkScore®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/8/21
May 8, 2021
|
Pending | SMART_MLS | $485,000 | |
|
3/22/21
Mar 22, 2021
|
Listed / Active | SMART_MLS | $485,000 | 2.1% |
|
12/8/20
Dec 8, 2020
|
Sold | SMART_MLS | $475,000 |