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5 Morton Street, Fall River MA 02720

$499,000

Estimated $1,191.71/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $166,333.33

Total Rent: 19800/year

Estimated CAP Rate: 3.05%

6 Bedrooms

3 Full Baths

2,832 SqFt

Total Parking: 2

4,953 SqFt

AMAZING OPPORTUNITY TO BREAK INTO THE HOT FALL RIVER MARKET on this SHARP 3-FAMILY HOME WITH 2-CAR GARAGE ON A CORNER LOT WITH CLOSE PROXIMITY TO THE NEW TRAIN STATION AND QUICK HIGHWAY ACCESS (Rte, 24 & 195) UNDER $500K!! Home offers nicely laid out two bedroom semi-modern units with space heaters (currently rented below market as TAW). First floor currently vacant for new owner to reside in or select tenant of choice at todays rental market value. This maintenance free building has a newer roof, vinyl siding, high basement with washer/dryer hookups and non-coin operated washers and dryers (those owned by seller remaining as gifts), 2-car garage, small back yard for ease of maintenance on a NICE CORNER LOT WITH CLOSE PROXIMITY TO THE REVITALIZED WATERFRONT, NEW TRAIN STATION AND FINE DINING. (Market rents $1200-1500 per month per unit). All information deemed reliable & accurate but not guaranteed; buyers & buyer agents to conduct all due diligence. House sold "as is/where is".

This home has been viewed 34 times

Last Checked: May 7th, 2024 at 8:55am (Source: MLS PIN #73117626)

Gross Income: $19,800

Gross Expenses: $4,591

Net Income Calc: $15,209

CAP Rate: 3.05%

Annual Expenses for 5 Morton Street, Fall River MA 02720

Total Gross Expenses (Calculated)$4,591/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,591

Annual Income & Unit Breakdown for 5 Morton Street, Fall River MA 02720

Total Gross Income (Calculated)$19,800

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$750

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$900

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 5 Morton Street, Fall River MA 02720

Listing ID73117626

Property TypeMulti Family / 3 Family

Price$499,000 ($176.2/SqFt)

Style3 Family

CityFall River

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total2,832 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking2

Garage Parking2 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningG

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 5 Morton Street, 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$19,800

Total Net Income By Broker$19,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation1%%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 5 Morton Street, Fall River MA 02720

Real Estate Taxes$4,591

Tax Year2023

Assessed Value$374,200

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$19,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$19,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.05%

Location Information for 5 Morton Street, 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, Park, Medical Facility, Laundromat, Public Transportation, T-station

Contact Information for 5 Morton Street, Fall River MA 02720

Agent

Name: Jose Ferreira

Office

Name: Morello Real Estate

Phone: 617-584-4801

Payment Calculator

, Interest

Property Taxes 382.58

Principal & Interest 3074.68

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Morello Real Estate

Jose Ferreira

Agent Phone

Office Phone

(617) 584-4801

Text Agent Call Agent Call Office

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EXIT

Closed

5 Morton Street, Fall River MA 02720

$499,000

Annual Expenses for 5 Morton Street, Fall River MA 02720

Annual Income & Unit Breakdown for 5 Morton Street, Fall River MA 02720

General Information for 5 Morton Street, Fall River MA 02720

Disclosures for 5 Morton Street, Fall River MA 02720

Financial Information for 5 Morton Street, Fall River MA 02720

Location Information for 5 Morton Street, Fall River MA 02720

Contact Information for 5 Morton Street, Fall River MA 02720

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Morello Real Estate

Jose Ferreira