801 N Main St Fall River, MA

$1,200,000
Beds 12
Baths 9
Square Feet 6,414
Acres 0.16
Photo of 801 N Main St Fall River MA 02720




Description

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 collect


Listed by BOND BROKERAGE, Donald Martone

Details

MLS 73507804
Status Active
Price $1,200,000
DOM 141 days
Type Multi-Family
Beds 12
Baths 9 full baths
Square Feet 6,414 sqft
Garage Spaces 1
Lot Size 0.16 acres
Year Built 1882

Lot & Building Features

Construction Block, Stone, Brick
Sewer Public Sewer
Tax Year 2025
Taxes Paid $6,904
Water Public
Foundation Brick/Mortar, Other, Block, Stone, Concrete Perimeter
Exterior Features Varies per Unit, Stone Wall, Balcony, Rain Gutters
Roof Asphalt/Composition Shingles, Rubber
Full Baths 9
Parking On Street
Total Rooms 22
Basement Feature Walk-Out Access, Interior Entry
Garage Spaces 1
Waterview Walk to, River

Map

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.