Unit Information
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
- Additional Details
- Status: ACT
- Type: Multi-Family, Multi Family
- Zip Code: 02721
- Levels: 7
- Parking
- Garage Capacity: 3
- Parking: Paved,Off Street
- Parking Spaces: 3
- Rooms and Dimensions
- Total Units: 5
- Total Floors: 7
- Total Rooms: 26
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$799,900
- Listing ID: 73500571
- Bedrooms: 6
- Full Baths: 4
- Half Baths: 1
- Living Area: 3,115 sqft Convert
- Lot Size: 3,724 sqft Convert
- Acres: 0.09
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |