Invest in Fall River! “Lease with an Option to Buy” during your development phase to keep up front costs down. NNN Lease during buildout and lease up and then exercise your option once it is up and running and profitable. Convert this existing 3 story approx. 21,000 sq ft building into a state of the art self storage facility. Self Storage layout showing approx 12,477 sq ft of leasable area is attached. The property sits in an opportunity zone. Originally built as horse stables, it was used for many years as a warehouse. In August of 2022, a variance was granted for conversion of up to 27 residential units with parking relief granted. Self storage would require a new variance - as it is not expressly permitted in the Central Business District Zoning.
This home has been viewed 37 times
Last Checked: May 7th, 2024 at 5:47am (Source: MLS PIN #73141411)
Gross Income: $0
Gross Expenses: $10,352
Net Income Calc: $10,352
CAP Rate: -1.38%
Annual Expenses for 75 Fifth St, Fall River MA 02721
Total Gross Expenses (Calculated)$10,352/year
APOD Available
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$10,352
Annual Income & Unit Breakdown for 75 Fifth St, Fall River MA 02721
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
General Information for 75 Fifth St, Fall River MA 02721
Listing ID73141411
Property TypeMulti Family / 5+ Family
Price$750,000
Style
CityFall River
CountyBristol
MLS Area
Neighborhood(s)
Approximate Living Area Total21,000 SqFt
Approximate Lot Size (Acres)0.32 acres
Total Parking12
Garage Parking
Year Built1899
Year Built Source
Year Renovated
Year Built Details
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation Description
Accessible Features
Outdoor Space
ZoningCBD
Zoning DetailsOther (See Remarks)
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 75 Fifth St, Fall River MA 02721
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
Title 5
Exclusions
Disclosures
Financial Data Source
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 Compensation2
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 75 Fifth St, Fall River MA 02721
Real Estate Taxes$10,352
Tax Year2022
Assessed Value
Financial Data Source
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)-1.38%
Location Information for 75 Fifth St, Fall River MA 02721
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 75 Fifth St, Fall River MA 02721