1155-1157 Pleasant Street, Fall River, MA 02723
- $3,325,000
- 36
- BD
- 27
- BA
- 21,000
- SqFt
- List Price
- $3,325,000
- Price Change
- ▼ $35,000 1773713640
- Status
- ACTIVE
- MLS#
- 73477347
- Bedrooms
- 36
- Bathrooms
- 27
- Full Baths
- 23
- Half Baths
- 4
- Living Area
- 21,000
- Lot Size (Acres)
- 0.41000000000000003
- Year Built
- 1900
Property Description
Exceptional mixed-use investment opportunity featuring four buildings and a large parking lot with abundant off-street parking. The portfolio includes a 10-unit building (2 commercial, 8 residential), a 4-unit building (1 commercial, 3 residential), a 4-family, and a 6-family, totaling 36 bedrooms comprised of one 3-bedroom, thirteen 2-bedroom units, three commercial spaces, and the remaining 1-bedrooms. Current gross income is $365,400 annually, offered at an 8.2% cap rate. Clear path to approximately 11.5% cap at market rents through modest increases, creating significant value-add upside. Commercial tenants include Metro PCS and a tattoo studio, providing stable income alongside strong residential cash flow.
/u.realgeeks.media/southshorerealestateauthority/Headshot_1-min.jpg)
Additional Information
- Taxes
- $27,787
- Parking Description
- Paved Drive, Leased, Assigned
- Lot Description
- Corner Lot, Other
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Zachary Conley from Listing Office: NextGen Realty, Inc..
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.