1155-1157 Pleasant Street, Fall River, MA, 02723
81 rooms
36 beds
23 Full / 4 Half baths
1900
21,000 sqft
Exceptional mixed-use investment opportunity featuring four buildings and a large parking lot with abundant off-street parking. The portfolio includes a 10-unit building (2 commercial, 8 residential), a 4-unit building (1 commercial, 3 residential), a 4-family, and a 6-family, totaling 36 bedrooms comprised of one 3-bedroom, thirteen 2-bedroom units, three commercial spaces, and the remaining 1-bedrooms. Current gross income is $365,400 annually, offered at an 8.2% cap rate. Clear path to approximately 11.5% cap at market rents through modest increases, creating significant value-add upside. Commercial tenants include Metro PCS and a tattoo studio, providing stable income alongside strong residential cash flow.
Status:
Active
Type:
Multi-family
Units:
24
Zoning:
5+
Basement:
Full
Levels:
5
Parking:
17-car, Paved Drive, Leased, Assigned
Acreage:
0.41
Est. Taxes:
$27,787
Assessment
$2,420,700
Construction
Frame
Utilities
for Gas Range
Lot Description:
Corner Lot, Other
Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other
MLS #:
73477347
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Zachary Conley, NextGen Realty, Inc. 617-208-2100