155 Rodman St
$799,900
6
Beds
4/1
Baths
3,115
Sqft
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$799,900
6
Beds
4/1
Baths
3,115
Living Area
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Property Description
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
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Highlights
- Cooling: Window Unit(s)
- Heating: Forced Air, Natural Gas, Space Heater
- Parking Spots: 3
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 26
- Status: Active
- Has View: Yes
- Levels: 7
- Property Class: Residential Income
- Stories: 7
- Year Built: 1880
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Additional Details
- Construction: Frame
- Flooring: Vinyl, Carpet, Hardwood
- Road Frontage Type: Public
- SqFt Source: Public Record
- View: City View(s), City
- Year Built Source: Public Records
- Exterior Features: Decorative Lighting, Fruit Trees
- Foundation: Concrete Perimeter
- Roof: Shingle
- Total Number of Units: 5
- Year Built Details: Renovated Since
- Zoning: Cbd
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
- Pool Features: Above Ground
- Parking Features: Paved Drive, Off Street
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Utilities
- Electric: 200+ Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $308,700
- Tax Year: 2025
- Total Rent: $8,500
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $3,534
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Listing information provided courtesy of Beach Homes Realty, LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.