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Closed

164 George St, Fall River MA 02720

$575,000

Estimated $1,154.60/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $115,000

Total Rent: 23400/year

Estimated CAP Rate: 3.61%

8 Bedrooms

6 Full, 1 Half Baths

4,664 SqFt

Total Parking: 6 (1 Garage)

7,492 SqFt

The perfect opportunity for investors who are looking to add to their portfolio! This well maintained, owner occupied, 5-Family has all separate utilities, off street parking, newer roof, and so much more! This home has been lovingly cared for by a single family for generations! The first unit consist of three bedrooms and two baths. It is an oversized unit with incredible potential! Units 2, 4, and 5 all have one bedroom and one bathroom. They all have the potential of adding a second bedroom! Unit 3 has been recently updated and made into 3 bedrooms with a loft area. You do not want to miss out on this amazing opportunity! **Sale is contingent on the owner finding suitable housing.**

This home has been viewed 50 times

Last Checked: May 6th, 2024 at 11:30pm (Source: MLS PIN #73055121)

Gross Income: $23,400

Gross Expenses: $2,666

Net Income Calc: $20,734

CAP Rate: 3.61%

Beach Front

Annual Expenses for 164 George St, Fall River MA 02720

Total Gross Expenses (Calculated)$2,666/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$2,666.87

Annual Income & Unit Breakdown for 164 George St, Fall River MA 02720

Total Gross Income (Calculated)$23,400

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$650

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$650

LeaseY

Bedrooms2

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit2

HeatingNo

Rent Includes

Unit 4

Rental Income$650

Lease

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 164 George St, Fall River MA 02720

Listing ID73055121

Property TypeMulti Family

Price$575,000 ($123.28/SqFt)

Style5+ Family - 5+ Units Up/down

CityFall River

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total4,664 SqFt

Approximate Lot Size (Acres)0.17 acres

Total Parking6 (1 Garage)

Garage Parking1 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsConventional (2x4-2x6)

Lot FeaturesLevel, Corner Lot, Additional Land Avail.

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningG

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesBeach Front, 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 164 George St, Fall River MA 02720

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$31,200

Total Net Income By Broker$31,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation0%%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 164 George St, Fall River MA 02720

Real Estate Taxes$2,666.87

Tax Year2022

Assessed Value$426,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$31,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$31,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.61%

Location Information for 164 George St, Fall River MA 02720

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, T-station, Marina, Private School, Sidewalks

Contact Information for 164 George St, Fall River MA 02720

Agent

Name: Mark Mello

Office

Name: Coldwell Banker Realty

Phone: 401-884-8050

Payment Calculator

, Interest

Property Taxes 222.24

Principal & Interest 3542.97

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty

Mark Mello

Agent Phone

Office Phone

(401) 884-8050

Text Agent Call Agent Call Office

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EXIT

Closed

164 George St, Fall River MA 02720

$575,000

Annual Expenses for 164 George St, Fall River MA 02720

Annual Income & Unit Breakdown for 164 George St, Fall River MA 02720

General Information for 164 George St, Fall River MA 02720

Disclosures for 164 George St, Fall River MA 02720

Financial Information for 164 George St, Fall River MA 02720

Location Information for 164 George St, Fall River MA 02720

Contact Information for 164 George St, Fall River MA 02720

Agent

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Exclusive Listing Agent

Coldwell Banker Realty

Mark Mello