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
113 days
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71
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2
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Zillow last checked:
Listing updated:
Listed by:
Gilded Girls Group401-302-4404,
Beach Homes Realty, LLC833-582-3224,
Gilded Girls Group401-302-4404
Source: MLS PIN,MLS#: 73500571
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 5
Full bathrooms: 4
1/2 bathrooms: 1
Heating
Forced Air, Natural Gas, Space Heater
Cooling
Window Unit(s)
Features
Flooring: Vinyl, Carpet, Hardwood
Has basement: No
Has fireplace: No
Interior area
Total structure area: 3,115
Total interior livable area: 3,115 sqft
Finished area above ground: 3,115
Property
Parking
Total spaces: 3
Parking features: Paved Drive, Off Street
Uncovered spaces: 3
Features
Patio & porch: Porch, Patio - Enclosed, Covered
Exterior features: Decorative Lighting, Fruit Trees
Pool features: Above Ground
Fencing: Fenced
Has view: Yes
View description: City View(s), City
Lot
Size: 3,724 Square Feet
Details
Additional structures: Gazebo
Parcel number: M:0I10 B:0000 L:0055,2828087
Zoning: CBD
Construction
Type & style
Home type: MultiFamily
Property subtype: 5+ Family - 5+ Units Up/Down
Materials
Frame
Foundation: Concrete Perimeter
Roof: Shingle
Condition
Year built: 1880
Utilities & green energy
Electric: 200+ Amp Service
Sewer: Public Sewer
Water: Public
Community & HOA
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
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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