Price Reduced 7.53%
155 Rodman St, Fall River, MA, 02721
26 rooms
6 beds
4 Full / 1 Half baths
1880
3,115 sqft
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
Status:
Active
Type:
Multi-family
Units:
5
Zoning:
CBD
Heating:
Forced Air, Natural Gas, Space Heater
Cooling:
Window Unit(s)
Levels:
7
Parking:
3-car, Paved Drive, Off Street
Acreage:
0.09
Est. Taxes:
$3,535
Assessment
$308,700
Construction
Frame
View Description:
City View(s), City
Amenities:
Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
Pool:
Above Ground
MLS #:
73500571
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Gilded Girls Group, Beach Homes Realty, LLC 833-582-3224