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Canceled

693-705 Rodman St, Fall River MA 02721

$2,800,000

Estimated $5,834.19/month Calculator

Multi Family

Total Units: 16

Price Per Unit: $175,000

Total Rent: 39600/year

Estimated CAP Rate: 0.77%

34 Bedrooms

16 Full Baths

Total Parking: 1

10,000 SqFt

Perfect property for investors with a projected gross income of $336,000 plus. A uniquely 16 multifamily unit in downtown fall river area. This property consists of 16 spacious apartments, (7) three-bedroom units, (4) Two-bedroom units, and (5) One-bedroom units. Each unit has individually metered utilities and the property is only minutes from all amenities including the new T station. Plus, this property has easy access to several highways. Neither seller nor agent, make any representations as to the accuracy of any information contained herein. Buyer(s) and buyer(s) agent must conduct their own due diligence, verification, research and are relying solely on the same. PROPERTY BEING SOLD AS IS AS SEEN. SELLERS HAVE NEVER OCCUPIED PROPERTY.

This home has been viewed 85 times

Last Checked: January 10th, 2025 at 5:19am (Source: MLS PIN #73315563)

Gross Income: $39,600

Gross Expenses: $17,995

Net Income Calc: $21,605

CAP Rate: 0.77%

Annual Expenses for 693-705 Rodman St, Fall River MA 02721

Total Gross Expenses (Calculated)$17,995/year

APOD AvailableNo

Heating

Electricity$118

Water$1,130

Gas$1,130

Insurance$1,219

Sewer$1,130

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$15,528

Annual Income & Unit Breakdown for 693-705 Rodman St, Fall River MA 02721

Total Gross Income (Calculated)$39,600

Unit 1

Rental Income$1,800

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,500

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 693-705 Rodman St, Fall River MA 02721

Listing ID73315563

Property TypeMulti Family / 5+ Family

Price$2,800,000

Style5-9 Family

CityFall River

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total

Approximate Lot Size (Acres)0.23 acres

Total Parking1

Garage Parking

Year Built1930

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionGranite

Accessible Features

Outdoor Space

ZoningB-L

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 693-705 Rodman St, Fall River MA 02721

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$3,800

Total Gross Income By Broker$336,000

Total Net Income By Broker$37,133

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 693-705 Rodman St, Fall River MA 02721

Real Estate Taxes$15,528

Tax Year2024

Assessed Value$1,351,400

Financial Data SourceOwner

Total Gross Expenses By Broker$3,800

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$336,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$37,133

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.77%

Location Information for 693-705 Rodman St, Fall River MA 02721

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station

Contact Information for 693-705 Rodman St, Fall River MA 02721

Agent

Name: Gabriel Amaral

Office

Name: Lion Gate Real Estate, Inc.

Phone: 508-673-0001

Team Members

Name: Cortney Fernandes

Phone: 508-617-3331

Payment Calculator

, Interest

Property Taxes 1294

Principal & Interest 17252.71

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lion Gate Real Estate, Inc.

Gabriel Amaral

Agent Phone

Office Phone

(508) 673-0001

Text Agent Call Agent Call Office

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[perc_test] => Array
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EXIT

Canceled

693-705 Rodman St, Fall River MA 02721

$2,800,000

Annual Expenses for 693-705 Rodman St, Fall River MA 02721

Annual Income & Unit Breakdown for 693-705 Rodman St, Fall River MA 02721

General Information for 693-705 Rodman St, Fall River MA 02721

Disclosures for 693-705 Rodman St, Fall River MA 02721

Financial Information for 693-705 Rodman St, Fall River MA 02721

Location Information for 693-705 Rodman St, Fall River MA 02721

Contact Information for 693-705 Rodman St, Fall River MA 02721

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Lion Gate Real Estate, Inc.

Gabriel Amaral