159 Cherry St Fall River, MA 02720
Lower Highlands Neighborhood
6
Beds
8
Baths
6,720
Sq Ft
5,410
Sq Ft Lot
Highlights
- Marina
- Waterfront
- Corner Lot
- River View
- Property is near public transit
- Jogging Path
About This Home
As of September 2024Solid income producing 7-unit mixed use building in prime location!This large and meticulously renovated property boasts 6 spacious 1-bedroom apartments, a high-visibility corner storefront, and a 2-car garage making additional income. Enjoy stunning Braga Bridge and Battleship Cove views from some units. Recent upgrades include new kitchens, bathrooms, roof, vinyl floors throughout, carpet wall to drywall, windows, lead certificates, sewer line, and more. All units have forced hot air heating. A completely renovated unit is vacant, offering flexibility, while others house high-quality tenants providing steady income with potential for market rate increases. Store rent is $2200 with a 5yr auto escalation lease.Bonus! A brand new commuter rail station with imminent Boston access is a 15-minute walk. Plus, the revitalized Taunton Riverfront with exciting development is just steps away.Opposite a brand new condo development this area offers strong appreciation in the near future
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,373
Year Built
- Built in 1875
Lot Details
- 5,410 Sq Ft Lot
- Waterfront
- Corner Lot
Parking
- 2 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Property Views
- River
- Scenic Vista
Home Design
- Brick Exterior Construction
- Brick Foundation
- Stone Foundation
- Shingle Roof
- Stone
Interior Spaces
- 6,720 Sq Ft Home
- Insulated Windows
- Vinyl Flooring
Bedrooms and Bathrooms
- 6 Bedrooms
Additional Features
- Property is near public transit
- 110 Volts
Listing and Financial Details
- Total Actual Rent $10,300
- Assessor Parcel Number 2833399
Community Details
Overview
- 7 Units
- Property has 1 Level
Amenities
- Coin Laundry
Recreation
- Marina
- Park
- Jogging Path
Building Details
- Operating Expense $29,408
- Net Operating Income $98,752
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 28, 2018
Sold by
Cherry Street T and Cherry Hague
Bought by
1St Cherry Street Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
4.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 19, 2018
Sold by
Perry Geraldine I
Bought by
Cherry Street T and Cherry Colville
Purchase Details
Closed on
Oct 26, 2015
Sold by
Perry Ft and Perry
Bought by
Perry Geraldine I
Purchase Details
Closed on
Mar 25, 2013
Sold by
Perry Donald R and Perry Geraldine L
Bought by
Perry Ft and Perry
Purchase Details
Closed on
Jan 17, 2006
Sold by
M P Viveiros Nt and Viveiros
Bought by
Perry Donald R and Perry Geraldine I
Similar Homes in Fall River, MA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $480,000 | -- | |
| Deed | $480,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $768,750 | Commercial | |
| Closed | $768,750 | Commercial | |
| Closed | $375,000 | New Conventional | |
| Closed | $315,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2024 09/30/24 | Sold | $1,025,000 | 0.0% | $153 / Sq Ft |
| 07/26/2024 07/26/24 | Pending | -- | -- | -- |
| 07/18/2024 07/18/24 | Price Changed | $1,025,000 | -2.4% | $153 / Sq Ft |
| 07/03/2024 07/03/24 | For Sale | $1,050,000 | +107.9% | $156 / Sq Ft |
| 03/16/2020 03/16/20 | Sold | $505,000 | -3.8% | $75 / Sq Ft |
| 12/13/2019 12/13/19 | Pending | -- | -- | -- |
| 10/29/2019 10/29/19 | For Sale | $525,000 | -- | $78 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $8,613 | $940,600 | $117,500 | $823,100 |
| 2024 | $8,613 | $749,600 | $111,900 | $637,700 |
| 2023 | $0 | $634,100 | $101,600 | $532,500 |
| 2022 | $6,879 | $545,100 | $101,600 | $443,500 |
| 2021 | $0 | $496,300 | $87,100 | $409,200 |
| 2020 | $4,796 | $327,300 | $83,400 | $243,900 |
| 2019 | $6,875 | $290,100 | $79,400 | $210,700 |
| 2018 | $0 | $354,600 | $87,200 | $267,400 |
| 2017 | -- | $354,600 | $87,200 | $267,400 |
| 2016 | -- | $354,600 | $87,200 | $267,400 |
| 2015 | -- | $354,600 | $87,200 | $267,400 |
| 2014 | -- | $354,600 | $87,200 | $267,400 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Saphire
J
Seller's Agent in 2024
Jason Saphire
www.HomeZu.com
(617) 833-1739
1 in this area
523 Total Sales
-
Austin Robichaud
Buyer's Agent in 2024
Austin Robichaud
Fortified Realty Group
(774) 266-0639
2 in this area
17 Total Sales
-
Rita Goodrow
Seller's Agent in 2020
Rita Goodrow
Goodrow Realty Group
(508) 415-0624
37 Total Sales
-
Elvis Santana
Buyer's Agent in 2020
Elvis Santana
Circle 100 Real Estate Brokerage LLC
(401) 227-7501
94 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73259991
APN: FALL-000010N-000000-000005
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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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