Description
One of Fall River's iconic buildings! You know it from the 1st picture. Rare mixed-use investment opportunity offering the stability of four residential units complemented by an additional commercial income stream. Gross scheduled income totals approximately $102,000 annually with an estimated cap rate approaching 9% at the current asking price. The property features four residential apartments generating approximately $7,000 per month plus a commercial suite contributing an additional $1,500 monthly. Originally rebuilt in 1991 following a prior fire, recent improvements include a roof replacement in 2021. Additional highlights include three off-street parking spaces, public utilities, replacement windows, and a professionally sound-insulated commercial space suitable for a variety of uses. Ideal for investors seeking diversified cash flow or owner. Please see MLS #: 73500576
Details
| MLS # | 73500571 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1880 |
| Days On Site | 153 |
| Listing Provided By | Beach Homes Realty, LLC | Gilded Girls Group |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,115 |
| Pool | Yes |
| Story(s) | 7 |
| Units | 5 |
| Zoning | CBD |
| Acreage | 0.09 |
| Property View | Yes |
Interior
| Rooms Total | 26 |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Window Unit(s) |
| Heating Yes / No | Yes |
| Heating | Forced Air, Natural Gas, Space Heater |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Vinyl, Carpet, Hardwood |
Exterior
| Exterior Features | Decorative Lighting, Fruit Trees |
|---|---|
| Roof | Shingle |
| Construction Materials | Frame |
| Foundation Details | Concrete Perimeter |
| Fencing | Fenced |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive, Off Street |
| Open Parking Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|---|
| Electric | 200+ Amp Service |
Taxes
| Tax Annual Amount | 3534.61 |
|---|---|
| Tax Assessed Value | 308700 |
| Tax Lot | 0055 |
| Tax Year | 2025 |
| Tax Map Number | 01-10 |
Location
| Community Features | Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Bristol |
| City | Fall River |
| Zip Code | 02721 |
| Area | Bristol |
| Listing VS Median (in 02721) | |
Price: $699,000 low | high Med: $449,950 sqft: 3,115 low | high Med: 1,982 $ / sqft: $224 low | high Med: $227 On site: 153 low | high Med: 94.5 | |
Market Activity 02721
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Learn More About This Property
| State | MA |
|---|---|
| County | Bristol |
| City | Fall River |
| Zip Code | 02721 |
| Area | Bristol |
| Listing VS Median (in 02721) | |
Price: $699,000 low | high Med: $449,950 sqft: 3,115 low | high Med: 1,982 $ / sqft: $224 low | high Med: $227 On site: 153 low | high Med: 94.5 | |
