S
Seller's Agent in 2022
Spencer Smith
Horvath & Tremblay
(781) 776-4000
2 in this area
7 Total Sales
254-276 Fourth St Fall River, MA 02721
Corky Row Neighborhood
49
Beds
17
Baths
15,989
Sq Ft
0.38
Acres
Highlights
- 0.38 Acre Lot
- Corner Lot
- Park
- Property is near public transit
- Cooling Available
- Shops
About This Home
As of August 2022254, 270, 276 Fourth & 195-197 Rodman Street. The Portfolio consists of four (4) buildings centered around downtown Fall River with a total of forty-five (45) units made up of nine (9), 1-Bedroom/1 Bathroom units, one (1), 2-Bedroom/1-Bathroom unit, one (1), 5-Bedroom/1-Bathroom unit and thirty-three (33), Single-Room units. Additionally, there is an on-site office located within 254 Fourth Street that is utilized by property management. The single room units have access to six and one half shared bathrooms and five shared kitchens. The Portfolio contains 15,889 square feet of living area situated on a total of 0.38-acres of land (on three tax parcels) with on-site parking for eighteen (18) vehicles. The Properties enjoy close proximity to the Charlton Memorial Hospital, and the future Fall River Train Station (MBTA – Stoughton Line) which is scheduled to open in 2023. Below market rents offer the potential for increased income for each of the properties.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,836
Year Built
- Built in 1900
Lot Details
- 0.38 Acre Lot
- Corner Lot
Home Design
- 15,989 Sq Ft Home
- Brick Foundation
- Frame Construction
- Shingle Roof
Bedrooms and Bathrooms
- 49 Bedrooms
Parking
- 20 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
Utilities
- Cooling Available
- Heating Available
- Gas Water Heater
- Oil Water Heater
Listing and Financial Details
- Total Actual Rent $25,675
Community Details
Overview
- 45 Units
- Property has 3 Levels
Amenities
- Shops
Recreation
- Park
Building Details
- Operating Expense $142,686
- Net Operating Income $151,000
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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 |
|---|---|---|---|---|
| 08/24/2022 08/24/22 | Sold | $1,800,000 | -10.0% | $113 / Sq Ft |
| 05/26/2022 05/26/22 | Pending | -- | -- | -- |
| 02/16/2022 02/16/22 | For Sale | $2,000,000 | -- | $125 / 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 | $8,007 | $699,300 | $102,700 | $596,600 |
| 2024 | $7,695 | $669,700 | $95,900 | $573,800 |
| 2023 | $6,890 | $561,500 | $80,400 | $481,100 |
| 2022 | $6,307 | $499,800 | $76,600 | $423,200 |
| 2021 | $5,939 | $429,400 | $73,300 | $356,100 |
| 2020 | $5,443 | $376,700 | $70,900 | $305,800 |
| 2019 | $4,909 | $336,700 | $70,900 | $265,800 |
| 2018 | $4,680 | $320,100 | $75,100 | $245,000 |
| 2017 | $4,481 | $320,100 | $75,100 | $245,000 |
| 2016 | $4,544 | $333,400 | $91,900 | $241,500 |
| 2015 | $4,315 | $329,900 | $88,400 | $241,500 |
| 2014 | $4,436 | $352,600 | $98,100 | $254,500 |
Source: Public Records
Agents Affiliated with this Home
-
Spencer Smith
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72943540
APN: FALL M:0I-15 B:0000 L:0035
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