MLS® ID: 72513419

181 Nashua St

Fall River, Massachusetts, 02721

$440,000 Active
  • 12 Beds
  • 6 Baths
  • 4215 SQFT
NOI is $36,312 and Cap Rate is 8.25%. The rental market is tight and vacancies fill quickly for a premium. At $73,333 a unit, this 6-unit building is being offered for an investor looking to add a cash flowing and well managed property to their portfolio. Current ownership purchased the property, stabilized and repaired it and brought in a top management team to manage the day to day operations. Current management company has over 400 units under management and is willing to continue working with the new owners to ensure a seamless transition. This represents an opportunity for a passive investor to purchase income producing property and remain “hands off.” Fall River has several economic factors to continue to support the current income (and future growth) at this property. Sale includes 6 Fridges/6 Stoves/6 Water Heaters. Contract with vendor for coin-op laundry for added income. See attached report for further complete breakdown of property.
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Listing courtesy of Fortified Realty Group

Amenities

  • Full baths
    6
  • Half baths
    0
  • Full Baths Range
    4+ Baths
  • Total Baths
    6
  • Zip
    02721
  • Office name
    Fortified Realty Group
  • SQFT
    4215
  • Bedrooms
    12
  • Property type
    Multi-family
  • Zoning type
    A-3
  • Year built
    1901
  • Sewer
    City/Town Sewer
  • Tax year
    2019
  • Agent name
    David Ferreira
  • Tax amount
    $ 3094.0
  • Purchase Type
    Active
  • Price Range
    $400k-$500k
  • Square Feet Range
    4000-5000 sq ft.
  • Bedrooms Range
    12 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    22458
  • Agent ID
    450550673

Location

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