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275 Bank St, Fall River MA 02720

$765,000

Estimated $1,664.02/month Calculator

Multi Family

Total Units: 1

Price Per Unit: $765,000

Total Rent: 0/year

Estimated CAP Rate: -0.66%

0 Bedrooms

Baths

3,292 SqFt

Total Parking: 4

4,077 SqFt

This stately multi-family property is a 3,292 SF multi-family residence located in a prime Fall River Opportunity Zone. Renovated in 2010, it’s currently configured as a four-family with four one-bedroom units generating steady rental income. With the addition of a second form of egress, the third floor offers potential for conversion to a five-family, boosting revenue potential. Key features include 98% efficient gas boilers with on-demand hot water, hardwood and ceramic flooring, stainless steel appliances, walk-in closets, a striking circular stairwell, and large custom windows that enhance natural light. The third floor provides additional unfinished space for future expansion. Private, lighted parking and a spacious deck enhance tenant appeal. Located in the Lower Highlands near downtown, the waterfront, and the upcoming Fall River Train Station (set to open in 2025), this property is perfectly positioned to benefit from the city’s ongoing revitalization. Sold as-is.

This home has been viewed 54 times

Last Checked: December 9th, 2024 at 5:19am (Source: MLS PIN #73311780)

Gross Income: $0

Gross Expenses: $5,083

Net Income Calc: $5,083

CAP Rate: -0.66%

Annual Expenses for 275 Bank St, Fall River MA 02720

Total Gross Expenses (Calculated)$5,083/year

APOD Available

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,083

Annual Income & Unit Breakdown for 275 Bank St, Fall River MA 02720

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 275 Bank St, Fall River MA 02720

Listing ID73311780

Property TypeMulti Family / 5+ Family

Price$765,000

Style

CityFall River

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total3,292 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking4

Garage Parking

Year Built1900

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

ZoningA-3

Zoning DetailsLegal Conforming

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 275 Bank St, Fall River MA 02720

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 Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 275 Bank St, Fall River MA 02720

Real Estate Taxes$5,083

Tax Year2024

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)-0.66%

Location Information for 275 Bank St, Fall River MA 02720

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 275 Bank St, Fall River MA 02720

Agent

Name: Erin Hovan

Office

Name: Berkshire Hathaway HomeServices Robert Paul Properties

Phone: 508-748-2400

Payment Calculator

, Interest

Property Taxes 423.58

Principal & Interest 4713.69

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Robert Paul Properties

Erin Hovan

Agent Phone

Office Phone

(508) 748-2400

Text Agent Call Agent Call Office

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EXIT