One of Fall River's iconic buildings! You know it from the 1st picture. Rare mixed-use investment opportunity offering the stability of four residential units complemented by an additional commercial income stream. Gross scheduled income totals approximately $102,000 annually with an estimated cap rate approaching 9% at the current asking price. The property features four residential apartments generating approximately $7,000 per month plus a commercial suite contributing an additional $1,500 monthly. Originally rebuilt in 1991 following a prior fire, recent improvements include a roof replacement in 2021. Additional highlights include three off-street parking spaces, public utilities, replacement windows, and a professionally sound-insulated commercial space suitable for a variety of uses. Ideal for investors seeking diversified cash flow or owner. Please see MLS #: 73500576
3,115 Sq Ft
3,724 Sq Ft Lot Size
investment
US$295 Monthly Tax
Built in 1880
MLS/Listing ID 73500571
7 Stories
5 Units
Vinyl
Fenced
Fruit Trees
Cooling - Window Units
Construction - Frame
Community - Marina
Community - Park
Community Pool
Community - Public Transportation
Community - Shopping
Decorative Lighting
Community - Walk/Jog Trails
Community - T-Station
Community - Public School
Community - Private School
Community - Medical Facility
Community - Laundromat
Community - House of Worship
Community - Highway Access
City View
Covered
Porch
Parking - Off Street
Parking - Paved
Heating - Forced Air
Heating - Natural Gas
Heating - Space Heater
Concrete Perimeter
Carpet
Hardwood
Public Water
Public Sewer
Shingle
Pool - Above Ground
Patio - Enclosed
TOTAL MONTHLY COST
US$0
US$0
US$0