344-354 E Main Street, Fall River, MA, 02724
35 rooms
21 beds
7 Full / 2 Half baths
1909
11,457 sqft
Check out this solid income-producing 10-unit mixed-use building in Fall River with strong cash flow and serious upside potential. The property includes seven 3-bedroom residential units, all fully occupied. Five of the units have been recently updated, making them attractive to tenants and positioning the property well for future rent growth. Three-bedroom apartments are always in demand, helping maintain stable occupancy. On the first floor, public record shows three commercial units. One is currently leased and operating as a business, while the remaining two commercial units have been combined and are presently used for owner storage, presenting a prime opportunity for repositioning. The property is currently generating approximately $100,000 in annual NOI, with room to conservatively increase rents by an additional $45,000 per year. If you’re looking for a strong, cash-flowing asset with upside in a growing market, this one checks the boxes.
Status:
Pending
Type:
Multi-family
Units:
10
Zoning:
B-L
Energy Features:
Varies per Unit
Basement:
Full, Walk-Out Access, Interior Entry, Sump Pump, Concrete
Levels:
4
Parking:
3-car, Paved Drive, Off Street
Acreage:
0.13
Est. Taxes:
$10,479
Assessment
$767,300
Construction
Frame, Brick
Utilities
for Gas Range, for Gas Oven
Lot Description:
Level
View Description:
City View(s)
Amenities:
Public Transportation, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Sidewalks
Appliances:
Washer, Dryer
MLS #:
73477536
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Derick Freitas, Amaral & Associates RE 508-674-4972