$1,200,000

Multi Family In Fall River

  • 12 Beds
  • 9 Baths
  • 8,766 Sqft
  • 7,114 Sqft lot
  • Updated: April 20
  • Source:
    StateWide MLS  MLS#1410407

About the Property

799 809 North Main Street is a unique, stabilized 8+ unit multi-family commercial property with views of the Taunton River. The ”plus+” is an additional 1,319SF of leased commercial space. The offering provides a strong in-place income with a clear path to increased cash flow in one of Fall River’s most active up and coming rental corridors. The property currently generates $121,236 in annual inco
799 809 North Main Street is a unique, stabilized 8+ unit multi-family commercial property with views of the Taunton River. The ”plus+” is an additional 1,319SF of leased commercial space. The offering provides a strong in-place income with a clear path to increased cash flow in one of Fall River’s most active up and coming rental corridors. The property currently generates $121,236 in annual income, with a pro forma gross of ~$134,400, plus the additional $6,600/year in leased commercial income, bringing total potential income to over $141,000. The two buildings sit on one 7,114 SF lot, BOTH updated with newer vinyl siding and roofs. The property features 8 total residential apartments, Front building contains four 1 bed 1 baths, Rear building contains four 2 bed 1 baths and a common area basement w washer/dryer hookups. ALL with separate utilities and central heat, including 2 units with central air. Tenants pay their own utilities. Professionally managed with consistent rent collections, the asset offers immediate upside through lease-up and rent alignment. Recent Navien high-efficiency boiler systems reduce future capital expenditure and improve operational efficiency, making this a true plug-and-play investment with stable cash flow and defined upside.
  • Property type

    Apartment

  • Floors

    3

  • Year built

    1882

  • Price/sqft

    $136

Explore the Area

801 N Main Street, Westport, Massachusetts, United States View on Google Maps
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Bond Brokerage - Cranston

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Bond Brokerage - Cranston
Rhode Island, United States
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2025
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Bond Brokerage - Cranston
Cranston, Rhode Island, United States
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Last updated
April 20
First listed
Apr 20
Listing reference
1410407
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