Address
251 Bank Street, Fall River, MA
Price
$ 669,000
Property Attributes
- MLS#73230811
- TypeMulti-Family
- CountyBRISTOL
- CityFall River
- Zip02720
- Style5-9 Family
- Year Built1836
- Taxes$ 8906
- Price$ 669,000
- Bedrooms7
- Full Bathrooms5
- Half Bathrooms1
- Sqr Footage5421
- Lot Size4,792 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Explore an exceptional investment opportunity in the vibrant heart of Fall River. This prime mixed-use property features SEVEN units, presenting a potential monthly income exceeding $7,000. The building offers versatile spaces tailored for various uses. The ground floor can function as a compact office alongside a spacious 3-bedroom apartment, or be configured into a larger office setting. The second floor houses a studio apartment and two 1-bedroom apartments. The lower level includes an office and a 2-bedroom apartment, complemented by off-street parking for approx six cars. The walk-up attic offers potential for future development. This property has undergone several recent updates, new heating system, fresh interior paint, a couple units updated with new kitchens, bathrooms, and flooring. Strategically located within walking distance of local amenities and just minutes from upcoming commuter rail station, this property ensures residents quick and easy access to neighboring cities.
| Price History | |
|---|---|
| 5/1/2024 | Listed $669,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | for Gas Range |
| Roof | Shingle |
| Zoning | A-3 |
| Construction Materials | Frame |
| Year Built | 1836 |
| Property SubType | 5-9 Family |
| Tax Year | 2024 |
| Gross Income | 84000 |
| Community Features | Public Transportation,Shopping,Medical Facility,Laundromat,Highway Access,Public School,T-Station |
| County | Bristol |
| Net Operating Income | 84000 |
| Property Type | Residential Income |
| Garage Y/N | No |
| Total Rooms | 17 |
| Status | Active |
| Directions | Use GPS |
| City | Fall River |
| Disclosures | Right of way approx 6 feet to side of building (Rock St side). Seller has never occupied the property. |
| Senior Community Y/N | No |
| Total Units | 4 |
| Lot Size Square Feet | 4591 |
| Waterfront Y/N | No |
| Street Name | Bank Street |
| Year Built Details | Actual |
| Tax Annual Amount | 8906 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 308300 |
| Total Actual Rent | 3810 |
| Compensation Based On | Net Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Basement | Full,Partially Finished,Walk-Out Access |
|---|---|
| Flooring | Vinyl |
| Total Stories | 10 |
| Fireplace Y/N | No |
| Full Baths | 5 |
| Half Baths | 1 |
| Total Bedrooms | 7 |
| Total Baths | 6 |
Exterior Features
| Lot Features | Corner Lot |
|---|---|
| Water Source | Public |
| Total Parking | 4 |
| Lot Size Area | 0.11 |
| Foundation Details | Stone |
| Spa | No |
| Building Area Total | 5421 |
| Lot Size Acres | 0.11 |
| Lot Size Units | Acres |
| Road Frontage Type | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 02720
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and
