Address
FRMFD-12 Portfolio, Fall River, MA
Price
$ 19,600,000
Property Attributes
- MLS#73241505
- TypeCommercial
- CountyBRISTOL
- CityFall River
- Zip02723
- Style5+ Residential
- Taxes$ 99999999
- Price$ 19,600,000
- Bedrooms0
- Full Bathrooms98
- Half Bathrooms0
- Lot Size1.96 Acres
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
The FRMFD-12 Portfolio: an exceptional and rare investment opportunity, showcasing a collection of twelve multifamily properties totaling 98 units and 181 bedrooms. Among these are 99 Irving Street,144 & 146 Irving, 305 Newton, 79 & 87 Campbell, 71 & 75 Campbell, 60, 66 & 74 Bogle, 125 & 133 Bogle,52 Bogle 103 & 115 5th, 297-301 Flint,165 4th and 87 Orange Street. These properties boast a diverse tenant mix. Discover a value-add opportunity within the portfolio, offering an additional +/-16% upside in rents and a robust cap rate! The economic landscape of Fall River is thriving, supported by key developments such as Amazon's 1.7 million square foot fulfillment center, ongoing Waterfront development, and the South Coast rail project. With over 50% of households opting for rentals, Fall River stands out as a dynamic real estate hub, providing an attractive market for investment. All LOI's must be submitted by June 17th at 5PM.
| Price History | |
|---|---|
| 5/22/2024 | Listed $19,600,000 |
General Features
| Utilities | Public Water,Public Sewer |
|---|---|
| Zoning | SeeRemarks |
| Year Built | 9999 |
| Tax Year | 9999 |
| Business Type | 5+ Residential |
| County | Bristol |
| Net Operating Income | 1385933 |
| Property Type | Commercial Sale |
| HOA / Comm Assn | No |
| Status | Active |
| Directions | Google Maps |
| City | Fall River |
| Disclosures | Portfolio is being sold as a single package,with no cherry-picking allowed. Buyers and their agents should conduct their own due diligence,as the information provided is considered reliable but not g |
| Senior Community Y/N | No |
| Zoning Description | Other (See Remarks) |
| Lot Size Units | Acres |
| Lot Size Square Feet | 85377 |
| Waterfront Y/N | No |
| Tax Annual Amount | 99999999 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Lease Type | Other (See Remarks) |
| Standard Status | Active |
Interior Features
| Total Baths | 98 |
|---|
Exterior Features
| Total Parking | 47 |
|---|---|
| Lot Size Area | 1.96 |
| Lot Size Acres | 1.96 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 02723
Price
Taxes
Visits
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IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2024 State-Wide Multiple Listing Service. All rights reserved.
