Turnkey 6-unit investment property offering strong cash flow and a proven rental history. The end-of-year 2025 cap rate was 8.99%, with clear potential for immediate upside upon new ownership.The property consists of six 2-bedroom units, four units are equipped with space heaters, while two units feature forced air systems. All tenants are at will, providing investors with the flexibility to adjust rents to market rates and maximize returns.The building is set up for efficiency with separate utilities, with tenants responsible for their own expenses, helping keep operating costs low. Key updates have been completed, including electrical improvements and renovations throughout. This is an ideal opportunity for investors seeking a stable, income-producing asset with value-add potential, strong fundamentals, and the ability to increase NOI and long-term equity.
- Heating System:
- Forced Air, Space Heater
- Cooling System:
- No
- Basement:
- Full, Partially Finished
- Appliances:
- Range, Refrigerator, None
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- H&B 4/1 by 5pm - May not pass FHA or VA. 1 snowman furnace present & some chipping paint. 1st floor can be delivered vacant with the right offer. Oil tanks not in use, Pool House includes sink, dishwasher
- Electric Feature:
- 100 Amp Service
- Garage Parking
- Interior Features:
- Kitchen, Living Room
- Lead Paint:
- Unknown
- Rent Fee Includes:
- Unit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
- Market Time:
- 5
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $195
- Zoning:
- N/A
- No Units:
- 6
- Orig Price:
- $999,500
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Fall River
- State:
- MA
- County:
- Bristol
- Postal Code:
- 02723
- Longitude:
- W72° 51' 46.8''
- Latitude:
- N41° 41' 27.7''
Residential Income
274 Harrison St, Fall River, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $999,500
- Bedrooms :
- 12
- Rooms :
- 24
- Total Bathrooms :
- 6
- Full Bathrooms :
- 6
- Square Footage :
- 5,136 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.09 Acre
- Listing ID :
- 73489887
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com