$3,325,000

House for sale Fall River
Property photo number 1 of 6 Photos for Property. File  104042628_29_175e642b54ee68acb6a7606ebae05fc1.jpeg

Overview

SUMMARY: Discover an opportunity with this Fall River house for sale and available for $3,325,000. This could be your next ideal home or a smart investment. More details await.
Exceptional mixed-use investment opportunity featuring four buildings and a large parking lot with abundant off-street parking. The portfolio includes a 10-unit building (2 commercial, 8 residential), a 4-unit building (1 commercial, 3 residential), a 4-family, and a 6-family,
totaling 36 bedrooms comprised of one 3-bedroom, thirteen 2-bedroom units, three commercial spaces, and the remaining 1-bedrooms. Current gross income is $365,400 annually, offered at an 8.2% cap rate. Clear path to approximately 11.5% cap at market rents through modest increases, creating significant value-add upside. Commercial tenants include Metro PCS and a tattoo studio, providing stable income alongside strong residential cash flow.

Details

  • Beds: 36
  • Baths: 23.5
  • Price: $3,325,000
  • Area: 21,000 sqft

Location

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