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Seller's Agent in 2017
Tom Gamache
Amaral & Associates RE
55 Reuben St Fall River, MA 02723
Flint Neighborhood
54
Beds
22
Baths
20,376
Sq Ft
0.37
Acre Lot
About This Home
As of January 2017ATTENTION INVESTORS! must sell 22 UPDATED RENOVATED APARTMENTS FULLY DELEADED. Gross income of $178200. NOI of $127000 and a great 13% Cap rate. Turnkey great investment. Updated kitchens, baths, windows, maintenance free exterior vinyl siding and roof less than 10 years old. All utilities are seperate for these 4 seperate very clean buildings. Selling as a package on the same corner lot, but they are already subdivided and you can sell them seperately in the future. EXCELLENT INCOME OF ~$15, 000 Per month. Eleven 3 bedrooms, Ten 2 bed and One 1 bed. 18 parking spaces. .(2)6 FAMS, (1)7 FAM, (1)3 FAM. Buildings are in the heart of Downtown Fall River which provides easy access to I-195, Route 79, and walking distance to many stores, restaurants, parks and shopping. Solid rental history and at only $53,000 per unit! owners have other projects on their plate. Package consists of 55-75 Reuben and 299-301 Quequechan St. once listed for 1,999,000.
Last Agent to Sell the Property
Tom Gamache
Amaral & Associates RE License #450500956 Listed on: 04/25/2016
Last Buyer's Agent
Tom Gamache
Amaral & Associates RE License #450500956 Listed on: 04/25/2016
Property Details
Home Type
Multi-Family
Year Built
1920
Lot Details
0.37 Acres
Listing Details
- Lot Description: Corner, Paved Drive
- Property Type: Multi-family
- Insc: 12000
- Special Features: None
- Property Sub Type: MultiFamily
- Stories: 2
- Year Built: 1920
Interior Features
- Has Basement: Yes
- Number of Rooms: 10
- Amenities: Public Transportation, Shopping, Swimming Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School
- Basement: Full
- Total Levels: 2
Exterior Features
- Foundation: Other (See Remarks)
Garage/Parking
- Parking: Off-Street
- Parking Spaces: 18
Utilities
- Hot Water: Natural Gas
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Total Units: 22
Lot Info
- Zoning: res
Multi Family
- APOD Available: Yes
- Total Bedrooms: 54
- Total Floors: 3
- Total Full Baths: 22
- Total Levels: 3
- Total Rms: 89
- Total Rent_1: 14850
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 25, 2016
Closed on
Jan 31, 2017
Sold by
Bought by
Seller's Agent
Tom Gamache
Amaral & Associates RE
Buyer's Agent
Tom Gamache
Amaral & Associates RE
List Price
$1,185,000
Sold Price
$725,000
Premium/Discount to List
-$460,000
-38.82%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
0.0416%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 14, 1989
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $725,000 | -- | ||
| $150,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $580,000 | ||
| Closed | $350,000 | ||
| Closed | $250,000 | ||
| Closed | $1,800,000 | ||
| Closed | $1,600,000 | ||
| Closed | $650,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2017 01/31/17 | Sold | $725,000 | -19.0% | $36 / Sq Ft |
| 12/31/2016 12/31/16 | Pending | -- | -- | -- |
| 10/07/2016 10/07/16 | Price Changed | $895,000 | -5.7% | $44 / Sq Ft |
| 08/04/2016 08/04/16 | Price Changed | $949,000 | -11.7% | $47 / Sq Ft |
| 07/09/2016 07/09/16 | Price Changed | $1,075,000 | -9.3% | $53 / Sq Ft |
| 04/25/2016 04/25/16 | For Sale | $1,185,000 | -- | $58 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $6,603 | $576,700 | $102,100 | $474,600 |
| 2024 | $5,897 | $513,200 | $95,400 | $417,800 |
| 2023 | $5,239 | $427,000 | $80,000 | $347,000 |
| 2022 | $4,204 | $363,700 | $76,200 | $287,500 |
| 2021 | $4,204 | $304,000 | $72,900 | $231,100 |
| 2020 | $3,633 | $251,400 | $70,500 | $180,900 |
| 2019 | $3,364 | $230,700 | $70,500 | $160,200 |
| 2018 | $3,184 | $217,800 | $73,900 | $143,900 |
| 2017 | $3,049 | $217,800 | $73,900 | $143,900 |
| 2016 | $2,831 | $207,700 | $69,700 | $138,000 |
| 2015 | $2,717 | $207,700 | $69,700 | $138,000 |
| 2014 | $3,095 | $246,000 | $97,600 | $148,400 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71993552
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.
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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