INVESTOR ATTENTION: South Coast Capital Investments presents 260 Fountain Street Condominium Portfolio consisting of 19 individual 1, 2 and 3 bedroom condos in one building with on-site parking for nineteen (19) vehicles available to add to the sale! This is an excellent opportunity for an investor to capitalize on nearly two dozen separate properties, in one easy location. Each unit is in move-in ready condition and have been well maintained. The property includes a modern coin opp laundry room. The Properties enjoy close proximity to the Battleship Cove, Bicentennial Park, Saint Anne's Hospital and the future Fall River Train Station (MBTA – Stoughton Line) which is scheduled to open in 2023. Below market rents offer the potential for increased income for each of the properties. All condo docs and financials are available upon request. NOTE: A1 and D2 are currently under contract.
This home has been viewed 42 times
Last Checked: May 7th, 2024 at 8:41am (Source: MLS PIN #73072296)
Gross Income: $0
Gross Expenses: $20,111
Net Income Calc: $20,111
CAP Rate: -0.72%
Beach Front
Annual Expenses for 260 Fountain St, Fall River MA 02721
Total Gross Expenses (Calculated)$20,111/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$20,111.21
Annual Income & Unit Breakdown for 260 Fountain St, Fall River MA 02721
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms1
Bathrooms1 Full
Floor
Levels in Unit1
HeatingNo
Rent Includes
Unit 4
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor
Levels in Unit1
HeatingNo
Rent Includes
General Information for 260 Fountain St, Fall River MA 02721
Listing ID73072296
Property TypeMulti Family / 5+ Family
Price$2,800,000 ($173.96/SqFt)
Style5-9 Family
CityFall River
CountyBristol
MLS Area
Neighborhood(s)
Approximate Living Area Total16,096 SqFt
Approximate Lot Size (Acres)0
Total Parking19
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsBrick, See Remarks
Lot FeaturesLevel, Other
Foundation Area
Foundation DescriptionOther
Accessible Features
Outdoor Space
Zoning000
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront FeaturesOther (see Remarks), Beach Front, Beach Ownership(public), Unknown To Beach
Energy Features
Terms
Disclosures for 260 Fountain St, Fall River MA 02721
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureSee public records for individual unit square foot
Building Area SourceOther
Title 5
Exclusions
Disclosures
Financial Data SourceOther (see Remarks)
Total Gross Expenses By Broker$70,093
Total Gross Income By Broker$215,851
Total Net Income By Broker$145,758
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 260 Fountain St, Fall River MA 02721
Real Estate Taxes$20,111.21
Tax Year2022
Assessed Value$1,824,600
Financial Data SourceOther (see Remarks)
Total Gross Expenses By Broker$70,093
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$215,851
BostonRealEstate.com Gross Income
Total Net Income By Broker$145,758
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-0.72%
Location Information for 260 Fountain St, Fall River MA 02721
Elementary SchoolPublic
Middle SchoolPublic
High SchoolPublic
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, Other
Contact Information for 260 Fountain St, Fall River MA 02721