INVEST IN FALL RIVER! OPPORTUNITY ZONE. 75 5th St is approximately 21,000 sq ft of “mill style” space ready for a face lift. Approved for a variance of up to 27 Bedrooms (27 1BR or Studio Apts.) with 1 for 1 parking relief (27 parking spots to get 27 BRs). Parking can be a combination of on site and off site parking. Several options available. This lot has BIG potential for anyone looking to take on their next project. With residential space becoming scarce in Fall River, this is one of the last historical buildings left to be converted. Originally built for horse stables in the 1800’s, this fortress of a building was last used as an ornament warehouse. Located near the main Fall River bus station, downtown, and highway I-195, the building sits in an “Opportunity Zone,” which gives developers options for tax-free gains. But wait, there’s more! Don’t miss out, this space won’t last for long! Book a showing, today!
This home has been viewed 50 times
Last Checked: May 7th, 2024 at 12:47am (Source: MLS PIN #73030061)
Gross Income: $0
Gross Expenses: $10,352
Net Income Calc: $10,352
Annual Expenses for 75 Fifth St, Fall River MA 02721
Total Gross Expenses (Calculated)$10,352/year
APOD Available
Heating
Electricity
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Sewer
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Real Estate Tax10352
Annual Income & Unit Breakdown for 75 Fifth St, Fall River MA 02721
Total Gross Income (Calculated)$0
General Information for 75 Fifth St, Fall River MA 02721
Listing ID73030061
Property TypeMulti Family / 5+ Family
Price1500000
Style
CityFall River
CountyBristol
Neighborhood(s)
Approximate Living Area Total0
Approximate Lot Size (Acres)0.32
Total Parking20
Year Built1899
Water
Sewer
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Hot Water
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Outdoor Space
ZoningCBD
Zoning DetailsOther (See Remarks)
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Disclosures for 75 Fifth St, Fall River MA 02721
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
ExclusionsPersonal Belongings
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Total Gross Expenses By Broker
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Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2
Facilitator Compensation0
Compensation Based On
Financial Information for 75 Fifth St, Fall River MA 02721
Real Estate Taxes10352
Tax Year2022
Assessed Value$0
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 75 Fifth St, Fall River MA 02721
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Contact Information for 75 Fifth St, Fall River MA 02721