CCertihomes
31 Scott Street, New Bedford, MA 02744

$400,000

0 beds 2 baths Built 1921Active

About this home

Check out this 4, 906 sq ft commercial spot in New Bedford's South End, ideal for auto shops or storage businesses. It's got a tenant already, bringing in $3, 000 a month, so you're set up for income from day one. There's a loft with an office and bathroom, plus another half bath and six parking spots outside. Heads up: you might need to look into an MDC trap, and we're not sure about the environmental checks (21 E) yet. No equipment comes with it, so you've got a blank canvas to work with. Great spot, great potential.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$4,265/mo

Real estate (PITI + HOA + PMI)
$3,881
Principal + interest$2,579
Property tax + insurance$1,152
PMI / 2nd mortgage$150
Utilities
$597
Heating + cooling$137
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$132
Car insurance + maintenance$132
Other (entertainment)
$157
$4,265/mo TLC
Budget$5,000/mo
Remaining after TLC$735/mo
Purchase price
$400,000
Down payment
$20,000 (5%)
Loan amount
$380,000
APR
7.2%

Quick facts

Type
COM
Style
Year built
1921
Lot size
0.15 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$7,438
MLS #
73222920
County
Bristol

Neighborhood — 02744

MetricThis ZIPCountyUSA
Population12,1786,444,931299,088,112
Population Change Since1990-10.00%7.00%20.00%
Population Density8,497786
Male5,9053,127,134147,432,321
Female6,2733,317,797151,655,844
Never Married3,2371,612,88563,775,926
Married4,3482,586,314123,120,365
Separated515247,85712,639,686
Widowed843363,59415,467,586
Divorced890436,88823,075,029
Number Of House Hold4,9552,431,591111,826,380
Average House Hold Size2.452.562.60
Medial Age34.0937.2535.46
Median House Hold Income$28,045$57,698$48,276
Average House Hold Income$37,508$75,023$63,629
P C I$15,567$29,196$24,529
M D I$25,369$48,105$41,133
A T H E$36,368$57,083$50,898
S T R5.00%5.00%
W C J74.54%81.38%77.74%
(Zip) Code
2744

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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MLSPIN

Listing information last refreshed 4/11/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.