$1,200,000 ($187.09 per sqft)

Est. Mortgage $5,911/mo *

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801 N Main St, Fall River, MA, 02720

801 N Main St, Fall River, MA, 02720
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22 rooms

12 beds

9 Full baths

1882

6,414 sqft

799–809 North Main Street is a unique, stabilized 8+ unit multi-family commercial property with views of the Taunton River. The "plus+" is an additional 1,319SF of leased commercial space. The offering provides a strong in-place income with a clear path to increased cash flow in one of Fall River’s most active up and coming rental corridors. The property currently generates $121,236 in annual income, with a pro forma gross of ~$134,400, plus the additional $6,600/year in leased commercial income, bringing total potential income to over $141,000. The two buildings sit on one 7,114 SF lot, BOTH updated with newer vinyl siding and roofs. The property features 8 total residential apartments, Front building contains four 1 bed 1 baths, Rear building contains four 2 bed 1 baths and a common area basement w washer/dryer hookups. ALL with separate utilities and central heat, including 2 units with central air. Tenants pay their own utilities. Professionally managed with consistent rent collect

Status:

Active

Type:

Multi-family

Units:

9

Zoning:

B-L

Garage:

1-car

Basement:

Walk-Out Access, Interior Entry

Levels:

3

Parking:

1-car, On Street

Acreage:

0.16

Est. Taxes:

$6,904

Assessment

$449,000

Construction

Brick, Stone, Block

Lot Description:

Sloped

View Description:

City

Amenities:

Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Other, Sidewalks

MLS #:

73507804

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Donald Martone, Donald Martone 401-533-1021