Seller's Agent in 2023
John Pentore
Horvath & Tremblay
(781) 484-8166
4 in this area
46 Total Sales
137 Winter St Fall River, MA 02720
Bank Street Neighborhood
8
Beds
8
Baths
4,285
Sq Ft
5,445
Sq Ft Lot
Highlights
- Medical Services
- Corner Lot
- Shops
- Property is near public transit
- Park
- 3-minute walk to Ruggles Park
About This Home
As of December 2023Listed at a 8.58% cap rate on current income and $103,125 per unit, 137 Winter Street is well-located in a highly desired, densely populated residential neighborhood in the Historic Lower Highlands area of Fall River. The Property enjoys close proximity to the Charlton Memorial Hospital and to the future Fall River Train Station (MBTA – Stoughton Line) which is scheduled to open in 2023. Since 2018, six of the units have been renovated, featuring updated kitchens and bathrooms. The opportunity exists to increase the overall rent roll through programmatic upgrades to the remaining two unrenovated units and maximizing rents in the six renovated units. The property also has new replacement windows, a new asphalt shingle roof, and a newer hot water tank. The building is master metered; the Landlord is responsible for electricity, heat, hot water and domestic water & sewer. Five of the units feature gas on gas heating systems and three units feature forced hot water baseboard heat.
Last Buyer's Agent
Gerard George
Century 21 Shawmut Properties
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,089
Year Built
- Built in 1900
Lot Details
- 5,445 Sq Ft Lot
- Corner Lot
Home Design
- Brick Foundation
- Stone Foundation
- Shingle Roof
- Rubber Roof
Interior Spaces
- 4,285 Sq Ft Home
- Property has 1 Level
- Unfinished Basement
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Full Bathrooms
Parking
- 1 Car Parking Space
- Off-Street Parking
Location
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $8,610
- Rent includes unit 1(heat electric gas water hot water), unit 2(heat electric gas water hot water)
- Assessor Parcel Number 2833206
Community Details
Overview
- 8 Units
Amenities
- Medical Services
- Shops
Recreation
- Park
Building Details
- Operating Expense $33,427
- Net Operating Income $70,793
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/22/2023 12/22/23 | Sold | $850,000 | +3.0% | $198 / Sq Ft |
| 10/23/2023 10/23/23 | Pending | -- | -- | -- |
| 09/22/2023 09/22/23 | For Sale | $825,000 | -2.9% | $193 / Sq Ft |
| 07/31/2023 07/31/23 | Off Market | $850,000 | -- | -- |
| 07/26/2023 07/26/23 | For Sale | $800,000 | -- | $187 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
John Pentore
-
G
Buyer's Agent in 2023
Gerard George
Century 21 Shawmut Properties
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73140665
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