859 Pine St - Apartments FOR SALE


Fall River, MA 02720- Downtown Fall River
$5,880,000 USD
843-367-0291
859 Pine St, Fall River, MA for Sale
$5,880,000 USD
Apartments - FOR SALE
1/11
null | 7% Cap Rate

859 Pine St
Fall River, MA 02720
Downtown Fall River


OVERVIEW

****TOURS SEPTEMBER 10 and SEPTEMBER 17 from 11 AM- 1 PM **Please register by sending an email to bberle@newengland-cre.com Offering Memorandum available in this listing's LoopNet Data Room. This offering presents a unique opportunity to participate in the ownership of a centrally located multi-family apartment building located in the heart of Fall River. This church-turned-residential apartment building features 30 occupied residential units with updated appliances and spacious unit floor plans. Amenities provided to residents comprise a shared laundry room on the first floor, off-street parking next to the building, and a keyless entry system. Residents and visitors alike enjoy the convenience of this centrally located property. Situated within walking distance of local shops, parks, and schools, and just 0.6 miles from I-195, 859 Pine Street offers easy access for commuters while providing an ideal location for remote workers seeking nearby amenities. This asset is strategically positioned to capture growth in the surrounding market, driven by strong population inflows, a robust employment base, and a thriving local economy.

FOR SALE DETAILS

PRICE

$5,880,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

30

PRICE/UNIT

$196,000

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

30 Units, Tours 9/10 and 9/17

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1899

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

M

APN/PARCEL ID

FALL-000013M-000000-000030

ASK ABOUT THIS PROPERTY

Bob BerleNew England Commercial Real EstateMore Info
843-367-0291

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

Bob BerleNew England Commercial Real EstateMore Info
843-367-0291

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