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Canceled

289 Bank Street, Fall River MA 02720

$585,000

Estimated $1,359.15/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $117,000

Total Rent: 0/year

Estimated CAP Rate: -0.84%

0 Bedrooms

Baths

4,829 SqFt

Total Parking: 2

7,917 SqFt

Welcome to 289 Bank Street! This expansive mixed-use property, strategically positioned at the corner of Bank St and High St in Historic downtown Fall River, presents a compelling investment opportunity. Having undergone a comprehensive exterior rehabilitation, the property boasts new vinyl siding, windows, roof, and exquisite stone work. The second and third floors feature sliders leading to walkout areas, offering the possibility of creating scenic decks with captivating views of downtown Fall River. Ideally suited for professional offices or up to 8 residential units, the versatile layout accommodates various potential uses. Totaling 4,800 sqft, this property beckons with unlimited potential. Seize the chance to be part of Fall River's flourishing growth. The location, coupled with the recent enhancements, positions this property as an excellent prospect for astute investors. Additionally, the seller owns nearby properties, allowing for consideration of a lucrative package deal.

This home has been viewed 85 times

Last Checked: November 14th, 2024 at 5:19am (Source: MLS PIN #73201042)

Gross Income: $0

Gross Expenses: $4,927

Net Income Calc: $4,927

CAP Rate: -0.84%

Annual Expenses for 289 Bank Street, Fall River MA 02720

Total Gross Expenses (Calculated)$4,927/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,927

Annual Income & Unit Breakdown for 289 Bank Street, Fall River MA 02720

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms

Floor0

Levels in Unit0

HeatingNo

Rent IncludesNo

Unit 2

Rental Income$0

LeaseN

Bedrooms0

Bathrooms

Floor0

Levels in Unit0

HeatingNo

Rent IncludesNo

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent IncludesNo

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent IncludesNo

General Information for 289 Bank Street, Fall River MA 02720

Listing ID73201042

Property TypeMulti Family

Price$585,000 ($121.14/SqFt)

Style5+ Family - 5+ Units Up/down

CityFall River

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total4,829 SqFt

Approximate Lot Size (Acres)0.18 acres

Total Parking2

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningA-3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 289 Bank Street, Fall River MA 02720

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureFully Gutted Interior. Property information from P

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 289 Bank Street, Fall River MA 02720

Real Estate Taxes$4,927

Tax Year2023

Assessed Value$482,800

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.84%

Location Information for 289 Bank Street, Fall River MA 02720

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesNo

Contact Information for 289 Bank Street, Fall River MA 02720

Agent

Name: Denis DaSilva

Office

Name: revolv Real Estate

Phone: 508-644-8995

Payment Calculator

, Interest

Property Taxes 410.58

Principal & Interest 3604.58

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

revolv Real Estate

Denis DaSilva

Agent Phone

Office Phone

(508) 644-8995

Text Agent Call Agent Call Office

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EXIT

Canceled

289 Bank Street, Fall River MA 02720

$585,000

Annual Expenses for 289 Bank Street, Fall River MA 02720

Annual Income & Unit Breakdown for 289 Bank Street, Fall River MA 02720

General Information for 289 Bank Street, Fall River MA 02720

Disclosures for 289 Bank Street, Fall River MA 02720

Financial Information for 289 Bank Street, Fall River MA 02720

Location Information for 289 Bank Street, Fall River MA 02720

Contact Information for 289 Bank Street, Fall River MA 02720

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revolv Real Estate

Denis DaSilva