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283-289 5th St, Fall River, MA, 02721

10beds
5baths
5,000sqft
$999,000
$200price/sqft
$7,319/moest. monthly cost
$292,760/yrincome needed

About This Home

Rare opportunity to acquire a 5 unit package consisting of a 3 family and 2 family offered together for under $1M. Strong income potential with both buildings featuring vacancies, allowing a buyer to set market rents immediately. Fully rented, the property has the ability to generate close to $10,000 per month. Ideal for investor or owner occupant looking to scale with built in upside. Units offer functional layouts with solid bedroom counts and separate utilities. Off street parking and convenient location near major routes, shopping and amenities add to long term desirability. Excellent value add opportunity with significant rental growth potential. Buyers to perform their own due diligence.

Getting Around

91
WalkingWalker's Paradise
51
TransitGood Transit
62
BikeBikeable

Schools

4/10
2/10
B M C Durfee High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1940

Materials

  • Foundation: Granite

Type & Style

  • Home type: MultiFamily
  • Property subType: 5+ Family - 5+ Units Up/Down

Interior

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 10
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Finished area above ground: 5,000

Interior Area

  • Total structure area: 5,000
  • Total interior livable area: 5,000 sqft

Property

Details

  • Zoning: R

Features

  • Fencing: Fenced/Enclosed

Lot

  • Lot size: 7,196 sqft
  • Features: Cleared