Prime Opportunity Zone multi-family in Fall River’s Lower Highlands. Renovated in 2010, this stately 3,292 SF property is currently configured as a 4-family with four 1-bed units producing steady income. Strong value-add potential—the 3rd floor offers space for future expansion and potential conversion to a 5th unit with a second means of egress. Features include 98% efficient gas boilers with on-demand hot water, separate utilities, hardwood & ceramic flooring, SS appliances, walk-in closets, oversized windows, and a classic circular stairwell. Private off-street parking and a spacious rear deck add tenant appeal. Ideal location for investor or owner occupant near downtown, waterfront, restaurants, and the new South Coast Rail Train Station (scheduled 2025). Positioned to benefit from Fall River’s ongoing revitalization. Sold as-is.
Parking:
4-car, Paved Drive, Shared Driveway, Off Street
Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School
275 Bank St, Fall River, MA, 02720
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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