$1,379,000

House for sale Fall River
Property photo number 1 of 16 Photos for Property. File  106316590_29_18d4365fff870d95e004559f9d65eb97.jpeg

Overview

SUMMARY: Discover an opportunity with this Fall River house for sale and available for $1,379,000. This could be your next ideal home or a smart investment. More details await.
8-UNIT CASH COW WITH STRONG INCOME and UPSIDE POTENTIAL! Excellent investment opportunity in Fall River featuring 8 well-maintained residential units with a proven rental history, stable income, and long-term tenants! The building consists of five 2-bedroom apartments, two 3-bedroom apartments, and one 1-bedroom apartment, offering a desirable unit mix totaling 17 bedrooms. All units have separately metered electric and individual heating systems, with tenants responsible for their own utilities. Off-street parking accommodates approximately 6-8 vehicles. New Roof approx. 2019. Currently generating $146,940 in annual gross rental income with approximately $116,572 in net income! Many tenants have not received rent increases since 2024 presenting an opportunity for future income growth. Most units are occupied by tenants at will providing additional flexibility for the next owner. 62 Morton st is a well-maintained, income-producing asset with established tenancy and excellent investment potential! Group showings begin this weekend. Call to schedule!
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Details

  • Beds: 17
  • Baths: 8
  • Price: $1,379,000
  • Reference No.: 97313472
  • Area: 5,570 sqft

Location

Marketed by:

  • Adam Stivaletta
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