$450,000 181 Nashua St Fall River, MA

MLS: 72513419   Type: Multi-Family   County: Bristol   City: Fall River   Zip: 02721   Style: 5-9 Family   # Rooms: 36    Taxes: $3,094

Mortgage $2,113 /mo



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The rental market is tight and vacancies fill quickly for a premium. At $75,000 a unit, this 6-unit building is being offered for an investor looking to add a cash flowing and well managed property to their portfolio. The current Cap Rate is approximately 8.07%. Current ownership purchased the property, stabilized and repaired it and brought in a top management team to manage the day to day operations. Current management company has over 400 units under management and is willing to continue working with the new owners to ensure a seamless transition. This represents an opportunity for a passive investor to purchase income producing property and remain “hands off.” Fall River has several economic factors to continue to support the current income (and future growth) at this property. Sale includes 6 Fridges/6 Stoves/6 Water Heaters. Contract with vendor for coin-op laundry for added income. See attached report for further complete breakdown of property.

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Price History

6/5/2019 Listed $450,000

Electrical Equipment/Features Circuit Breakers, 60 Amps/Less
Heat Zones 6
Heated Units 6
Levels 5
Parking Features Off-Street
Parking Spaces 6
Square Feet 4215.00
State Massachusetts
Total Fireplaces 0
Unit 1 Rent 800
Unit 2 Rent 850
Unit 3 Rent 800
Unit 4 Rent 850
Year End Expenses 05/19

Interior Features

Basement Features Full
Bedrooms (1) 2
Bedrooms (2) 2
Bedrooms (3) 2
Bedrooms (4) 2
Full Baths 6
Half Baths 0
Hot Water Natural Gas, Tank
Number of Fireplaces 0
Total Bedrooms 12
Total Number of Units 6

Exterior Features

Exterior Brick
Foundation Fieldstone, Granite
Garage Spaces 0
House Color Brick red
Lot Description City View(s)
Roof Asphalt/Fiberglass Shingles

Property Schools

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Gallery (38 photos)

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Property vs Zip Code Avg (02721)

Price 450K Avg 330K

Sqr Feet 4,215 Avg 3,162

Cost / Sqr Ft $107 Avg $105

Taxes $3,094 Avg $2,874

Acres 0.11 Avg 0.1

Visits 15 Avg 15

Days on Site 20 Avg 102

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Listing Provided Courtesy Of: David Ferreira with Fortified Realty Group.

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Location & Address

Fortified Realty Group LLC
16A Bedford St Suite 101
Fall River, MA