Off Market

251 Bank St, Fall River, MA

Fall River · MA 02720

$525,000
Price
6
Beds
5.5
Baths
5421
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1836
Units: 7 Units
Lot size: 6,130 Sq.Ft Lot
Price per square foot: $97 / Sq.Ft
Parking: 4 Off Street Spaces

About this home

Great opportunity to own a mixed-use 6+ unit property in the heart of Fall River's up and coming downtown/Historic District. The first level is currently set up with 3 spacious offices, a conference room, a kitchen, and a full bathroom, The second level consists of 3 residential units: (2) 1 bed units and a studio apartment. The spacious third level is currently set up as a walk-up attic - potential for expansion. The ground level that runs along Rock Street currently consists of 2-3 commercial storefront units and includes several offices and a half bath. This property is a 4 minute drive to the MBTA South Coast Commuter Rail Fall River Depot station currently being constructed at 825 Davol Street. Walking distance to restaurants, coffee shops, offices, banks as well as city hall. Minutes from Route 24 and I-195. This property has the potential for a 7-9% cap rate. Buyer and Buyers' agent to perform their own due diligence. Information deemed reliable but not guaranteed.

Neighborhood & Transit

251 Bank St, Fall River · MA 02720

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:
1246 days
Listing Price:
$525,000
Price per Sq.Ft:
$97
Tax Assessment:
$308,300 in 2023
Taxes:
$542 / Monthly

Home Facts

Interior Features

Bedrooms
6
Full Bathrooms
5
Half Bathrooms
1
Living Area
5,421 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
5421
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Unknown

Exterior Features

Lot Size
6,130 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
4 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Vinyl
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Philip Rebello
Listing office
revolv Real Estate
MLS PIN #
73120520
Disclosure
Right of way 6 ft on southern boundary side of property - (2) 1 bed units are currently occupied.