801 Main, Fall River, MA, 02720

799–809 North Main Street is a unique, stabilized 8+ unit multi-family commercial property with views of the Taunton River. The "plus+" is an additional 1,319SF of leased commercial space. The offering provides a strong in-place income with a clear path to increased cash flow in one of Fall River’s most active up and coming rental corridors. The property currently generates $121,236 in annual income, with a pro forma gross of ~$134,400, plus the additional $6,600/year in leased commercial income, bringing total potential income to over $141,000. The two buildings sit on one 7,114 SF lot, BOTH updated with newer vinyl siding and roofs. The property features 8 total residential apartments, Front building contains four 1 bed 1 baths, Rear building contains four 2 bed 1 baths and a common area basement w washer/dryer hookups. ALL with separate utilities and central heat, including 2 units with central air. Tenants pay their own utilities. Professionally managed with consistent rent collections, the asset offers immediate upside through lease-up and rent alignment. Recent Navien high-efficiency boiler systems reduce future capital expenditure and improve operational efficiency, making this a true “plug-and-play” investment with stable cash flow and defined upside.

Residential Income
$1,200,000
Location
City/TownFall River
CountyBristolma
Community FeaturesBus, Commuter Bus, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Shopping
Interior
Living Area8,766 sq. ft.
Rooms22
HeatingNatural Gas, Central Air, Central
CoolingCentral Air
Additional Information
Tax Assessment$487,000
ZoningBL
Exterior
Acreage0.1633
Exterior FeaturesBalcony, Deck
Waterfront FeaturesRiver, Saltwater View
Listed By: Bond Brokerage

Information is deemed reliable but is not guaranteed.

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