$799,900

House for sale Fall River
Property photo number 1 of 16 Photos for Property. File  104566904_29_4bb0ddeda85d237cc6c594233c9a07dd.jpeg

Overview

SUMMARY: Discover an opportunity with this Fall River house for sale and available for $799,900. This could be your next ideal home or a smart investment. More details await.
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
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Details

  • Beds: 6
  • Baths: 4.5
  • Price: $799,900
  • Reference No.: 94419207
  • Area: 3,115 sqft

Location

Marketed by:

  • Null Gilded Girls Group
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