Opportunity for investors or owner-occupants alike. This income-producing 4-unit property with an additional unit in the rear offers strong upside potential. The building features three 1-bedroom units and one 2-bedroom unit, with the 2-bed currently vacant (previously rented for $1,175/month), creating immediate value-add opportunity. The property has a long-term tenant base in place and benefits from ample off-street parking—a major advantage for tenant appeal. With the right updates, this asset has the potential to perform well in today’s market. A great opportunity to step into a multi-family with income and upside.
731 Bay St, Fall River, MA, 02724
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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