NOT LISTED FOR SALE

181 Nashua St Fall River, MA 02721

Niagara Neighborhood
12 Beds
6 Baths
4,215 Sq Ft
4,792 Sq Ft Lot

Last Sold February 07, 2020

Last sale price $425,000 $101 Per Sq Ft

181 Days on Market

About This Home

As of February 2020

NOI is $36,312 and Cap Rate is 8.25%. The rental market is tight and vacancies fill quickly for a premium. At $73,333 a unit, this 6-unit building is being offered for an investor looking to add a cash flowing and well managed property to their portfolio. Current ownership purchased the property, stabilized and repaired it and brought in a top management team to manage the day to day operations. Current management company has over 400 units under management and is willing to continue working with the new owners to ensure a seamless transition. This represents an opportunity for a passive investor to purchase income producing property and remain “hands off.” Fall River has several economic factors to continue to support the current income (and future growth) at this property. Sale includes 6 Fridges/6 Stoves/6 Water Heaters. Contract with vendor for coin-op laundry for added income. See attached report for further complete breakdown of property.

Last Agent to Sell the Property

David Ferreira

Fortified Realty Group Listed on: 06/05/2019

Last Buyer's Agent

Michael Wright

Kelly Lewis Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1901

Lot Details

  • 4,792

Utilities

  • Water Holding Tank
  • Natural Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:0I-17 B:0000 L:0049

Property Details

Home Type

Multi-Family

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 104.39
  • Comp Based On: Net Sale Price
  • Year Built: 1901
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1901

Interior Features

  • Total Flrs: 9
  • No Bedrooms: 12
  • Total Brs: 12
  • Full Bathrooms: 6
  • Total Fbh: 6
  • No Rooms: 36
  • Rms Common: Laundry
  • Basement: Y
  • Basement Features: Full
  • Main Lo: AN2458
  • Main So: BB8091
  • Estimated Sq Ft: 4215.00

Exterior Features

  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Brick
  • Foundation: Fieldstone, Granite

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 6

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers, 60 Amps/Less
  • Heat Zones: 6
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • App Common: Washer, Dryer

Lot Info

  • Assessments: 212200.00
  • Acre: 0.11
  • Lot Size: 4913.00
  • Page: 170
  • Parcel Number: M:0I-17 B:0000 L:0049
  • Zoning: A-3
  • Lot Description: City View(s)

Multi Family

  • APOD Available: Yes
  • Heat Units: 6
  • Total Levels: 5
  • Total Rent: 4900
  • Total Rms: 36
  • No Units: 6
  • Mf Type: 5-9 Family

Tax Info

  • Taxes: 3094.00
  • Assessor Parcel Number: 2828516

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2020 02/07/20 Sold $425,000 0.0% $101 / Sq Ft
12/03/2019 12/03/19 Pending -- -- --
11/30/2019 11/30/19 Off Market $425,000 -- --
09/04/2019 09/04/19 Price Changed $440,000 -2.2% $104 / Sq Ft
08/01/2019 08/01/19 For Sale $450,000 0.0% $107 / Sq Ft
06/27/2019 06/27/19 Pending -- -- --
06/05/2019 06/05/19 For Sale $450,000 +100.0% $107 / Sq Ft
09/13/2017 09/13/17 Sold $225,000 0.0% $53 / Sq Ft
07/12/2017 07/12/17 Pending -- -- --
06/21/2017 06/21/17 For Sale $225,000 -- $53 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Ferreira

    Seller's Agent in 2020

    David Ferreira

    Fortified Realty Group

    (774) 357-1574

    3 in this area

    60 Total Sales

    David Ferreira
    Section Image
  • Michael Wright

    Buyer's Agent in 2020

    Michael Wright

    Kelly Lewis Realty

    (774) 226-6377

    4 Total Sales

    Michael Wright
    Section Image
  • Karen McLinden

    Seller's Agent in 2017

    Karen McLinden

    Beautiful Day Real Estate

    (508) 642-6645

    7 in this area

    53 Total Sales

    Karen McLinden
    Section Image
  • TONI SILVA

    Buyer's Agent in 2017

    TONI SILVA

    Cameron Real Estate Group - Fall River

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72513419

MLS Property Information Network (MLS PIN)

APN: FALL M:0I-17 B:0000 L:0049

Massachusetts Bristol County Fall River 02721 Niagara

181 Nashua St, Fall River, MA

This home is located at 181 Nashua St, Fall River, MA 02721 since 05 June 2019. This property was built in 1901. 181 Nashua St is a home located in Bristol County with nearby schools including William S Greene, Matthew J. Kuss Middle School, and B M C Durfee High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) 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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