$1,200,000

House for sale Fall River
Property photo number 1 of 16 Photos for Property. File  105107915_29_76bf940ae4d9e139bba27ad47cb8c18c.jpeg

Overview

SUMMARY: Discover an opportunity with this Fall River house for sale and available for $1,200,000. This could be your next ideal home or a smart investment. More details await.
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 collections, the asset offers immediate upside through lease-up and rent alignment. Recent Navien high-efficiency boiler systems reduce future capital expenditure and improve operational efficiency, making this a true "plug-and-play" investment with stable cash flow and defined upside.
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Details

  • Beds: 12
  • Baths: 9
  • Price: $1,200,000
  • Area: 8,766 sqft

Location

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