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187 Thomas St, Fall River MA 02723

$550,000

Estimated $1,263.90/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $137,500

Total Rent: 75996/year

Estimated CAP Rate: 13.01%

11 Bedrooms

4 Full Baths

4,320 SqFt

Total Parking: 4

4,008 SqFt

INVEST IN FALL RIVER! Welcome to 187 Thomas St, a REFRESHED 4 family on the east side of Fall River. With two vacant units, this property has a RARE 4 bedroom (Unit 3 - $2118 market rent) unit on the third floor. Moving downstairs, you’ll notice the fresh paint throughout the hallways and a balcony on each level. Onto the second floor, you have an occupied 3 bedroom (Unit 2 -market Value of $1715) that’s HUGE in size. Back onto the first floor, you have one occupied 2 bedroom unit (Unit 1F - rented for $1250 Lease) and another vacant 2 bedroom (Unit 1R - Tenant lined up for $1250). Into the basement, you have laundry hook-ups + all your electrical and plumbing with easy access. Lastly, making your way outside, you’ll find a reasonably sized yard and driveway. Don’t miss out, book a showing now! BUYER WAS UNQUALIFIED TO PURCHASE THE PROPERTY THAT IS WHY WE ARE BACK ON THE MARKET.

This home has been viewed 46 times

Last Checked: May 7th, 2024 at 2:06am (Source: MLS PIN #73069581)

Gross Income: $75,996

Gross Expenses: $4,465

Net Income Calc: $71,531

CAP Rate: 13.01%

Annual Expenses for 187 Thomas St, Fall River MA 02723

Total Gross Expenses (Calculated)$4,465/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,465

Annual Income & Unit Breakdown for 187 Thomas St, Fall River MA 02723

Total Gross Income (Calculated)$75,996

Unit 1

Rental Income$1,250

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,250

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,715

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 4

Rental Income$2,118

LeaseN

Bedrooms4

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 187 Thomas St, Fall River MA 02723

Listing ID73069581

Property TypeMulti Family / 4 Family

Price$550,000 ($127.31/SqFt)

Style4 Family

CityFall River

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total4,320 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking4

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningA-3

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 187 Thomas St, Fall River MA 02723

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureBUYER TO VERIFY

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$15,000

Total Net Income By Broker$15,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 187 Thomas St, Fall River MA 02723

Real Estate Taxes$4,465

Tax Year2022

Assessed Value$353,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$15,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$15,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)13.01%

Location Information for 187 Thomas St, Fall River MA 02723

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 187 Thomas St, Fall River MA 02723

Agent

Name: David Ferreira

Office

Name: Fortified Realty Group

Phone: 508-567-1532

Payment Calculator

, Interest

Property Taxes 372.08

Principal & Interest 3388.93

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Fortified Realty Group

David Ferreira

Agent Phone

Office Phone

(508) 567-1532

Text Agent Call Agent Call Office

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EXIT

Closed

187 Thomas St, Fall River MA 02723

$550,000

Annual Expenses for 187 Thomas St, Fall River MA 02723

Annual Income & Unit Breakdown for 187 Thomas St, Fall River MA 02723

General Information for 187 Thomas St, Fall River MA 02723

Disclosures for 187 Thomas St, Fall River MA 02723

Financial Information for 187 Thomas St, Fall River MA 02723

Location Information for 187 Thomas St, Fall River MA 02723

Contact Information for 187 Thomas St, Fall River MA 02723

Agent

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Exclusive Listing Agent

Fortified Realty Group

David Ferreira