NOT LISTED FOR SALE
21 Beds
6 Baths
6,720 Sq Ft
7,971 Sq Ft Lot

Last Sold January 06, 2023

Last sale price $1,100,000 $164 Per Sq Ft

77 Days on Market

About This Home

As of January 2023

INVEST IN FALL RIVER - 7.64% CAP RATE - TURN KEY OPERATION! Welcome to 233-243 Harrison St, a 6 unit complex located in the east side of historic Fall River, Massachusetts. Featuring 4 “townhouse” apartments, units 233 ($1965/mon), 235 ($1800/mon), 241C ($2000/mon), and 243 ($2000/mon) are all spacious units with 4 bedrooms and 1 bath each. Moving onto the basement, you’ll find a HUGE coin-op laundry area just waiting to be used. Off to either side, you’ll come into units 241A ($1550/mon) and 241B ($1450/mon), one a 3 bed/1 bath and the other a 2 bed/1 bath layout. With 10 off-street parking spots located just outside the door and a quiet walkthrough space in the backyard, you’ll see potential in every square foot of this place! With a monthly gross income of $10,835, you already have market rents from day 1, all leased through next year with solid tenants. Don’t miss out, this opportunity won’t last long! Book your showing today!

Last Agent to Sell the Property

David Ferreira

Fortified Realty Group Listed on: 09/12/2022

Last Buyer's Agent

Adam Stivaletta

The Agency Boston

The Agency Boston

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,954

Year Built

  • Built in 1900

Lot Details

  • 7,971

Home Design

  • 6,720 Sq Ft Home

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 6 Full Bathrooms

Parking

  • 10 Car Parking Spaces
  • Driveway
  • Open Parking

Additional Features

  • Laundry Room
  • 7,971 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $10,665
  • Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water), unit 4(heat water hot water)
  • Assessor Parcel Number M:0K09 B:0000 L:0036

Community Details

Overview

  • 6 Units
  • Property has 2 Levels

Building Details

  • Operating Expense $42,107
  • Net Operating Income $87,913

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,954

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 0
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 21
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Laundry Features: Laundry Room
  • Living Area: 6720
  • Stories Total: 9
  • MAIN LO: AN2458
  • LIST PRICE PER Sq Ft: 171.13
  • PRICE PER Sq Ft: 163.69
  • MAIN SO: BB3351

Exterior Features

  • Foundation Details: Other
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas), Unit 3(Forced Air,Gas), Unit 4(Forced Air,Gas)
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Rent Includes: Unit 1(Heat,Water,Hot Water), Unit 2(Heat,Water,Hot Water), Unit 3(Heat,Water,Hot Water), Unit 4(Heat,Water,Hot Water)

Lot Info

  • Parcel Number: M:0K09 B:0000 L:0036
  • Zoning: A-3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Sq Ft: 7971
  • Lot Size Units: Acres
  • PAGE: 43
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5954
  • Tax Book Number: 5240

Multi Family

  • Gross Income: 130020
  • Net Operating Income: 87913
  • Number Of Units Total: 6
  • Operating Expense: 42107
  • Total Actual Rent: 10665
  • LEVELS 1: 2
  • Basement Included Sq Ft: Yes
  • LEVELS 4: 2
  • LEVELS 2: 2
  • LEVELS 3: 2
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 1
  • FLRS 2: 1

Range of Values:

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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
01/06/2023 01/06/23 Sold $1,100,000 -4.3% $164 / Sq Ft
11/29/2022 11/29/22 Pending -- -- --
11/11/2022 11/11/22 Price Changed $1,150,000 -4.2% $171 / Sq Ft
09/12/2022 09/12/22 For Sale $1,200,000 -- $179 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73035479

MLS Property Information Network (MLS PIN)