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508-762-7848
Emiel Barbosa - Real Estate Agent - Greater Boston Brockton Stoughton South Shore & South Coast - Vicente Realty
344-354 E Main Street, Fall River, MA 02724
- $1,150,000
- 21
- BD
- 9
- BA
- 11,457
- SqFt
- Sold Price
- $1,150,000
- List Price
- $1,200,000
- Status
- SOLD
- MLS#
- 73477536
- Bedrooms
- 21
- Bathrooms
- 9
- Full Baths
- 7
- Half Baths
- 2
- Living Area
- 11,457
- Lot Size (Acres)
- 0.13
- Year Built
- 1909
Property Description
Check out this solid income-producing 10-unit mixed-use building in Fall River with strong cash flow and serious upside potential. The property includes seven 3-bedroom residential units, all fully occupied. Five of the units have been recently updated, making them attractive to tenants and positioning the property well for future rent growth. Three-bedroom apartments are always in demand, helping maintain stable occupancy. On the first floor, public record shows three commercial units. One is currently leased and operating as a business, while the remaining two commercial units have been combined and are presently used for owner storage, presenting a prime opportunity for repositioning. The property is currently generating approximately $100,000 in annual NOI, with room to conservatively increase rents by an additional $45,000 per year. If you’re looking for a strong, cash-flowing asset with upside in a growing market, this one checks the boxes.
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Additional Information
- Taxes
- $10,479
- Interior Features
- Laundry Room
- Parking Description
- Paved Drive, Off Street
- Lot Description
- Level
- View
- City View(s)
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Derick Freitas from Listing Office: Amaral & Associates RE.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.