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181-187 Nashua St, Fall River, MA 02721

12 Bed, 6 Bath Multi-Family Home For Sale

181-187 Nashua St, Fall River, MA 02721 House For Sale - MLS #72513419
$450,000
12
6
Multi-Family
5+ Family
6

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Property Description for 181-187 Nashua St, Fall River, MA 02721

The rental market is tight and vacancies fill quickly for a premium. At $75,000 a unit, this 6-unit building is being offered for an investor looking to add a cash flowing and well managed property to their portfolio. The current Cap Rate is approximately 8.07%. Current ownership purchased the property, stabilized and repaired it and brought in a top management team to manage the day to day operations. Current management company has over 400 units under management and is willing to continue working with the new owners to ensure a seamless transition. This represents an opportunity for a passive investor to purchase income producing property and remain "hands off." Fall River has several economic factors to continue to support the current income (and future growth) at this property. Sale includes 6 Fridges/6 Stoves/6 Water Heaters. Contract with vendor for coin-op laundry for added income. See attached report for further complete breakdown of property.

Interior Details

4,215 sq. ft.
$106.76/sq. ft.

Exterior Details

0.11 acres
4,913 sq. ft.
6

Other Details

72513419
1901

Units Description

Unit #1
Rooms: 6      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 1      Rent: $800     
Appliances : Range; Refrigerator
Heating : Gas; Space Heater
Rent Includes : Water

Unit #2
Rooms: 6      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 1      Rent: $850     
Appliances : Range; Refrigerator
Heating : Gas; Space Heater
Rent Includes : Water

Unit #3
Rooms: 6      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 2      Rent: $800     
Appliances : Range; Refrigerator
Heating : Gas; Space Heater
Rent Includes : Water

Unit #4
Rooms: 6      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 2      Rent: $850     
Appliances: Range; Refrigerator
Heating: Gas; Space Heater
Rent Includes: Water

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Monthly Mortgage Payments

$2,044
$2,847

Town Description

The City of Fall River is an industrial community on the banks of the Taunton River in Bristol County with a long and fascinating history. The first settler was Benjamin Church, a hero of King...

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