799-801 N Main St - Apartments FOR SALE


Fall River, MA 02720- Downtown Fall River
$1,200,000 USD
401-533-1021
799-801 N Main St, Fall River, MA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/20
null | 10.04% Cap Rate

799-801 N Main St
Fall River, MA 02720
Downtown Fall River


HIGHLIGHTS

  • A rare, fully stabilized multi-building investment offering immediate cash flow and significant upside.

OVERVIEW

799–809 North Main Street is a unique, stabilized 8+ unit multi-family commercial property with views of the Taunton River. The "plus+" is an additional 1,319SF of leased commercial space. The offering provides a strong in-place income with a clear path to increased cash flow in one of Fall River’s most active up and coming rental corridors. The property currently generates $121,236 in annual income, with a pro forma gross of ~$134,400, plus the additional $6,600/year in leased commercial income, bringing total potential income to over $141,000. The two buildings sit on one 7,114 SF lot, BOTH updated with newer vinyl siding and roofs. The property features 8 total residential apartments, Front building contains four 1 bed 1 baths, Rear building contains four 2 bed 1 baths and a common area basement w washer/dryer hookups. ALL with separate utilities and central heat, including 2 units with central air. Tenants pay their own utilities. Professionally managed with consistent rent collections, the asset offers immediate upside through lease-up and rent alignment. Recent Navien high-efficiency boiler systems reduce future capital expenditure and improve operational efficiency, making this a true “plug-and-play” investment with stable cash flow and defined upside.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$321 USD /SF

# OF UNITS

8

PRICE/UNIT

$150,000

CAP RATE

10.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,100 SF

ZONING

B-L

APN/PARCEL ID

FALL-000010O-000000-000012

ASK ABOUT THIS PROPERTY

Donald MartoneBOND | BROKERAGEMore Info
401-533-1021

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Donald MartoneBOND | BROKERAGEMore Info
401-533-1021

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