Seller's Agent in 2020
David Ferreira
Fortified Realty Group
(774) 357-1574
3 in this area
48 Total Sales
181 Nashua St Fall River, MA 02721
Niagara Neighborhood
12
Beds
6
Baths
4,215
Sq Ft
4,792
Sq Ft Lot
About This Home
As of February 2020NOI 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.
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
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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 | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
| 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 | $8,338 | $728,200 | $102,200 | $626,000 |
| 2024 | $7,457 | $649,000 | $95,400 | $553,600 |
| 2023 | $6,517 | $531,100 | $80,100 | $451,000 |
| 2022 | $5,703 | $451,900 | $76,200 | $375,700 |
| 2021 | $3,814 | $275,800 | $72,900 | $202,900 |
| 2020 | $3,325 | $230,100 | $70,600 | $159,500 |
| 2019 | $3,094 | $212,200 | $70,600 | $141,600 |
| 2018 | $3,019 | $206,500 | $74,000 | $132,500 |
| 2017 | $2,891 | $206,500 | $74,000 | $132,500 |
| 2016 | $2,684 | $196,900 | $69,800 | $127,100 |
| 2015 | $2,575 | $196,900 | $69,800 | $127,100 |
| 2014 | $2,641 | $209,900 | $73,400 | $136,500 |
Source: Public Records
Agents Affiliated with this Home
-
David Ferreira
-
Michael Wright
Buyer's Agent in 2020
Michael Wright
Kelly Lewis Realty
(774) 226-6377
4 Total Sales
-
Karen McLinden
Seller's Agent in 2017
Karen McLinden
Beautiful Day Real Estate
(508) 642-6645
7 in this area
57 Total Sales
-
T
Buyer's Agent in 2017
The Amarelo Team
Cameron Real Estate Group - Fall River
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72513419
APN: FALL M:0I-17 B:0000 L:0049
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