Check out this solid income-producing 10-unit mixed-use building in Fall River with strong cash flow and serious upside potential. The property includes seven 3-bedroom residential units, all fully occupied. Five of the units have been recently updated, making them attractive to tenants and positioning the property well for future rent growth. Three-bedroom apartments are always in demand, helping maintain stable occupancy. On the first floor, public record shows three commercial units. One is currently leased and operating as a business, while the remaining two commercial units have been combined and are presently used for owner storage, presenting a prime opportunity for repositioning. The property is currently generating approximately $100,000 in annual NOI, with room to conservatively increase rents by an additional $45,000 per year. If you’re looking for a strong, cash-flowing asset with upside in a growing market, this one checks the boxes.
- Basement:
- Full, Sump Pump, Walk-out Access, Interior Entry, Concrete
- Parking:
- Off Street, Paved Drive
- Appliances:
- Washer, Dryer
- Construction:
- Brick, Frame
- Flooring:
- Vinyl, Laminate, Hardwood, Varies
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Electric Feature:
- Circuit Breakers, Individually Metered, Fuses, Varies Per Unit
- Garage Parking
- Interior Features:
- Laundry Room
- Lead Paint:
- Unknown
- Road Type:
- Paved
- Market Time:
- 15
- Parking Spaces:
- 3
- Tax Year:
- 2026
- Status:
- Closed
- Price Per Sqft:
- $100
- Zoning:
- B-L
- No Units:
- 10
- Orig Price:
- $1,200,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- Fall River
- State:
- MA
- County:
- Bristol
- Postal Code:
- 02724
- Longitude:
- W72° 49' 57.8''
- Latitude:
- N41° 41' 8.8''
Residential Income
344-354 E Main Street, Fall River, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,200,000
- View :
- City View(s)
- Bedrooms :
- 21
- Rooms :
- 35
- Total Bathrooms :
- 8
- Full Bathrooms :
- 7
- Half Bathrooms :
- 2
- Square Footage :
- 11,457 Sqft
- Year Built :
- 1909
- Lot Area :
- 0.13 Acre
- Listing ID :
- 73477536
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com