341 Belmont St - Multi-Family FOR SALE


Fall River, MA 02720- Downtown Fall River
$795,000 USD
310-422-3610
341 Belmont St, Fall River, MA for Sale
$795,000 USD
Multi-Family - FOR SALE
1/27
null | 6.83% Cap Rate

341 Belmont St
Fall River, MA 02720
Downtown Fall River


HIGHLIGHTS

  • Unoobstructed water views
  • Spacious and Bright
  • Potential Upside

OVERVIEW

Welcome to 341 Belmont—a classic 3-family corner lot situated in the heart of the Highlands. This property features many recent improvements, including all new plumbing on the 1st and 2nd floors, updated electrical, mini split units for efficient heating and cooling, a 4 year old roof, and newly refinished hardwood floors throughout. The first floor offers a spacious 3-bedroom layout with in-unit laundry, while the second and third floors share the same footprint and could easily be converted to 3-bedrooms. Second floor also includes a dedicated laundry room with gas hook ups. The 4th floor is a spacious 450 ft semi finished 1 bedroom and recorded by the city. All floors have an amzing view of the the water. The detached 2-stall garage provides an opportunity for extra rental income, while the large backyard offers ample space for potential expansion or outdoor living. Buyers should perform due diligence with the city to explore the possibility of adding an ADU. Conveniently located near Charlton Memorial Hospital, the new MBTA station, and the anticipated Davol Street waterfront project. Perfect opportunity for seasoned investor seeking strong rental income or an owner-occupant.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$185 USD /SF

# OF UNITS

3

PRICE/UNIT

$265,000

CAP RATE

6.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Belmont

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,757 SF

ZONING

S

APN/PARCEL ID

FALL-000021M-000000-000010

ASK ABOUT THIS PROPERTY

Jeff GunnJB Gunn Real EstateMore Info
310-422-3610

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Jeff GunnJB Gunn Real EstateMore Info
310-422-3610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.