BEDS21
BATHS7 full 2 partial
SQUARE FEET11,457
MLS#73477536
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property Description
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 youre looking for a strong, cash-flowing asset with upside in a growing market, this one checks the boxes.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Walk-Out Access, Interior Entry, Sump Pump, Concrete
Lot Size: 0.13 Acres
Roof Type: Rubber
Stories: 4.0
Taxes: $10,479
Year Built: 1909
Amenities
Laundry Room
Feature Descriptions
Appliances: Washer, Dryer
Building Area Total: 11457
Community Features: Public Transportation, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Sidewalks
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 65
Dwelling Type: 5-9 Family
Electric: Fuses, Circuit Breakers, Individually Metered, Varies per Unit
Exclusions: Tenants Personal Property.
Exterior: Frame, Brick
Flooring: Vinyl, Varies, Laminate, Hardwood
Lot Features: Level
Open Parking Y/N: Yes
Parcel Number: 2826331
Parking Features: Paved Drive, Off Street
Parking Total: 3
Road Responsibility: Public Maintained Road
Rooms Total: 35
Sewer: Public Sewer
Special View Info: City View(s)
Units: 10
Utilities: for Gas Range, for Gas Oven
Water: Public
Listed By / Shown By
Listed By
Agency Name: Amaral & Associates RE
Agency Phone: 508-674-4972
Agent Name: Derick Freitas
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 3,893.93 per month $2,670.68 Principal & Interest $873.25 Property Tax $350.00 Homeowner's Insurance
344-354 E Main Street | MLS# 73477536
This multi-family property located at 344-354 E Main Street, Fall River, MA 02724 is currently listed for sale with an asking price of $1,200,000. Search Fall River real estate on www.masiellogrouprealestate.com today.