Seller's Agent in 2023
John Pentore
Horvath & Tremblay
(781) 484-8166
4 in this area
43 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.
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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,925 | $692,100 | $115,700 | $576,400 |
| 2024 | $6,768 | $589,000 | $113,500 | $475,500 |
| 2023 | $6,015 | $490,200 | $102,200 | $388,000 |
| 2022 | $5,300 | $420,000 | $96,400 | $323,600 |
| 2021 | $4,903 | $354,500 | $92,100 | $262,400 |
| 2020 | $4,276 | $295,900 | $87,900 | $208,000 |
| 2019 | $4,047 | $277,600 | $91,900 | $185,700 |
| 2018 | $3,469 | $237,300 | $92,600 | $144,700 |
| 2017 | $3,322 | $237,300 | $92,600 | $144,700 |
| 2016 | $3,195 | $234,400 | $95,400 | $139,000 |
| 2015 | $3,066 | $234,400 | $95,400 | $139,000 |
| 2014 | $3,073 | $244,300 | $95,400 | $148,900 |
Source: Public Records
Agents Affiliated with this Home
-
John Pentore
-
Gerard George
Buyer's Agent in 2023
Gerard George
Lamacchia Realty, Inc.
(781) 964-4216
1 in this area
21 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73140665
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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 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 or leasing 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 or leasing. 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.
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