Sold
181-187 Nashua St, Fall River, MA
Fall River · MA 02721
- $425,000
- Price
- 12
- Beds
- 6
- Baths
- 4215
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1901
Units:
6 Units
Lot size:
4,913 Sq.Ft Lot
Price per square foot:
$104 / Sq.Ft
Parking:
6 Off Street Spaces
About this home
NOI is $36,312 and Cap Rate is 8.25%. The rental market is tight and vacancies fill quickly for a premium. At $73,333 a unit, this 6-unit building is being offered for an investor looking to add a cash flowing and well managed property to their portfolio. Current ownership purchased the property, stabilized and repaired it and brought in a top management team to manage the day to day operations. Current management company has over 400 units under management and is willing to continue working with the new owners to ensure a seamless transition. This represents an opportunity for a passive investor to purchase income producing property and remain 'hands off.' Fall River has several economic factors to continue to support the current income (and future growth) at this property. Sale includes 6 Fridges/6 Stoves/6 Water Heaters. Contract with vendor for coin-op laundry for added income. See attached report for further complete breakdown of property.
Neighborhood & Transit
181-187 Nashua St, Fall River · MA 02721
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 2111 days
- Listing Price:
- $440,000
- Price per Sq.Ft:
- $104
- Tax Assessment:
- $212,200 in 2019
- Taxes:
- $258 / Monthly
Home Facts
Interior Features
- Bedrooms
- 12
- Full Bathrooms
- 6
- Half Bathrooms
- 0
- Living Area
- 4,215 Sq.Ft
- Broker Disclosure about Living Area
- From Public Records - Buyer to verify
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- Unknown
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Circuit Breakers, 60 Amps/Less
Exterior Features
- Lot Size
- 4,913 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 6 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- David Ferreira
- Listing office
- Fortified Realty Group
- MLS PIN #
- 72513419
- Disclosure
- From Public Records - Buyer to verify