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270-289 Bank St, Fall River MA 02720

$2,600,000

Estimated $5,841.81/month Calculator

Multi Family

Total Units: 1

Price Per Unit: $2,600,000

Total Rent: 0/year

Estimated CAP Rate: -0.75%

0 Bedrooms

Baths

12,879 SqFt

Total Parking: 15

23,522 SqFt

MULTI-FAMILY PORTFOLIO: Exceptional investment opportunity in Fall River’s Opportunity Zone, featuring three multi-family buildings and one improved lot, ideal for flexible residential or commercial use. This portfolio includes: • 270 BANK ST: Configured with five efficiencies, three studios, two 1BR, one 2BR, and an unfinished third floor potential for an additional 2BR. Includes office space, a 4-car garage, and approx. 10 off-street parking spots. • 275 BANK ST: Four 1BR units with an unfinished third floor, ready for expansion. • 289 BANK ST: 4-8 unit mixed-use with new siding, windows, roofing, stonework, and a gutted interior for custom finishing. • 284 BANK ST: 0.16 acre lot with potential for new development. Located in the Lower Highlands, near downtown, the waterfront, Ruggles Park, Fall River Train Station (2025), this portfolio offers high growth potential in a thriving, well-connected area. Ideal for investors seeking versatile and income-generating assets. Sold As-Is.

This home has been viewed 49 times

Last Checked: December 9th, 2024 at 5:19am (Source: MLS PIN #73311783)

Gross Income: $0

Gross Expenses: $19,511

Net Income Calc: $19,511

CAP Rate: -0.75%

Annual Expenses for 270-289 Bank St, Fall River MA 02720

Total Gross Expenses (Calculated)$19,511/year

APOD Available

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$19,511

Annual Income & Unit Breakdown for 270-289 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 270-289 Bank St, Fall River MA 02720

Listing ID73311783

Property TypeMulti Family / 5+ Family

Price$2,600,000

Style

CityFall River

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total12,879 SqFt

Approximate Lot Size (Acres)0.54 acres

Total Parking15

Garage Parking

Year Built1920

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 DetailsOther (See Remarks)

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 270-289 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 270-289 Bank St, Fall River MA 02720

Real Estate Taxes$19,511

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)-0.75%

Location Information for 270-289 Bank St, Fall River MA 02720

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 270-289 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 1625.92

Principal & Interest 16020.37

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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                    [created] => 2024-12-09 05:19:57
                    [modified] => 2024-12-09 05:19:57
                )

[22] => Array
                (
                    [id] => 57699579
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73311783&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-12-09 05:19:57
                    [modified] => 2024-12-09 05:19:57
                )

[23] => Array
                (
                    [id] => 57699580
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73311783&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2024-12-09 05:19:57
                    [modified] => 2024-12-09 05:19:57
                )

[24] => Array
                (
                    [id] => 57699581
                    [name] => MLS25.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73311783&w=1024&h=768&n=25
                    [index] => 25
                    [enabled] => 1
                    [created] => 2024-12-09 05:19:57
                    [modified] => 2024-12-09 05:19:57
                )

[25] => Array
                (
                    [id] => 57699582
                    [name] => MLS26.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73311783&w=1024&h=768&n=26
                    [index] => 26
                    [enabled] => 1
                    [created] => 2024-12-09 05:19:57
                    [modified] => 2024-12-09 05:19:57
                )

[26] => Array
                (
                    [id] => 57699583
                    [name] => MLS27.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73311783&w=1024&h=768&n=27
                    [index] => 27
                    [enabled] => 1
                    [created] => 2024-12-09 05:19:57
                    [modified] => 2024-12-09 05:19:57
                )

[27] => Array
                (
                    [id] => 57699584
                    [name] => MLS28.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73311783&w=1024&h=768&n=28
                    [index] => 28
                    [enabled] => 1
                    [created] => 2024-12-09 05:19:57
                    [modified] => 2024-12-09 05:19:57
                )

)

)

EXIT