$799,900
3,728
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 #: 73500571
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Highlights
- Property Class: Commercial Sale
- Status: Active
- Year Built: 1880
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Additional Details
- Zoning: Cbd
- Zoning Description: Legal Non-Conforming
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Fees / Taxes
- Tax Year: 2025
- Taxes: $3,534
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