Last Sold Price
19 beds8,260 sqft$163/sqft
454-466 Third St, Fall River, MA 02721

Description

TURNKEY investment opportunity! Two 6 Families on 1 Lot. 454 and 466 Third Street containing 12 total rental units in total! #454 consists of 2 two-bedroom units and 4 one-bedroom units. #466 consists of 6 two-bedroom units. Fully rented and great cash flow. Great cash flow with current rents of $127,200 and room for increases with market rents of $162,000. Well maintained and updated in the last couple years. Possible expansion of the 4th floor for additional units. Plenty of off-street parking...TURNKEY investment opportunity! Two 6 Families on 1 Lot. 454 and 466 Third Street containing 12 total rental units in total! #454 consists of 2 two-bedroom units and 4 one-bedroom units. #466 consists of 6 two-bedroom units. Fully rented and great cash flow. Great cash flow with current rents of $127,200 and room for increases with market rents of $162,000. Well maintained and updated in the last couple years. Possible expansion of the 4th floor for additional units. Plenty of off-street parking for tenants. All separate utilities. Fully rented with excellent rental history. Invest In Fall River! Very rare do you see a well maintained 12 unit come up for sale! Group showing scheduled for Saturday, February 19th at 1:30 and 2:00 PM. And 49 Hamlet Street group showing on Saturday February 19th at 12:00 Noon and 12:30 PM. Maybe purchased as a package with 49 Hamlet Street. Mls #72940365
LISTING CLOSED: 04/26/2022 12:00 AM

  1. Listed by Robert Pacheco • Homeport Real Estate

Property Details for 454-466 Third Street

Status
MLS #
72940362
Days on Market
14
Taxes
$9,225 / year
HOA Fees
-
Property Type
MLS Type
Multi-family / 5-9 Family
Year Built
1900
Town
Fall River
Area
MA-Fall River
Garage Spaces
0
Open Parking Spaces
16.00
Parking Spaces Total
16

Location

Listing Courtesy of Homeport Real Estate, Robert Pacheco

Sold By Longwood Residential, LLC, Ron Ifrah

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Building Information for 454-466 Third Street

Stories3Residences12Year Built1900Building Size-Lot Size0.25 AC / 10,890 SF

Payment Calculator

$7,631 per month

30 year fixed, 6.55% Interest

Principal and Interest

$6,862

Property Taxes

$769

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 454-466 Third Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Highway Access, Public School
  • Current Financing: Conv. Fixed
  • Living Area: 8260.0
  • Color: Grey
  • Total Units: 12
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Oven
  • Basement Features: Full
  • Num of Baths: 12.0
  • Num of Full Baths: 12
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 12.00
  • Bathrooms Total Integer: 12
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Other
  • Laundry Features: Washer Hookup
Exterior Features
  • Construction: Frame
  • Lot Description: Corner Lot
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Electric: Circuit Breakers
  • Green Energy Efficient: Other (See Remarks)
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Oven, Washer Hookup
  • Water: Public
Property Information
Property Info
  • UFFI: No
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Surface Type: Paved
Tax Information
  • Assessments: $667,000
  • Book: 0000
  • Lot: 0018
  • Map: 01-11
  • Tax Year: 2021
  • Zoning: A-2
Building / Association Information
Living Characteristics
  • Beds Total: 19
  • Total Living Levels: 3
Other Building Characteristics
  • Accessibility Features: Handicap Access
  • Foundation: Stone
  • Frontage: 150.00
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $127,200.00
  • GRE: $22,162
  • NOI: $105,037.00
  • Operating Expense: $22,162.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 0
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $10,100.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 454-466 Third Street

DateEvent & SourcePriceAppreciation
Apr 26, 2022

Sold

MLS PIN #72940362

$1,350,000
Apr 26, 2022

Under Agreement

MLS PIN #72940362

Apr 26, 2022

Contingent

MLS PIN #72940362

DateEvent & SourcePrice
04/26/2022

Sold

MLS PIN #72940362

$1,350,000
04/26/2022

Under Agreement

MLS PIN #72940362

04/26/2022

Contingent

MLS PIN #72940362

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 454-466 Third Street

This home is within Fall River School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 7 to 12
Public - 2 to 12
Rating
School
Distance
Henry Lord Community School
PublicK to 8

B M C Durfee High School
Public9 to 12

Resiliency Preparatory Academy
Public7 to 12

Stone Day School
Public2 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 454-466 Third Street, Fall River, MA 02721
$1,350,000
19
8,260
10,890
$500,000
20
8,260
10,890
$1
7
3
2,387
$150,000
10,890
$390,000
9
2,805
2,004
$373,000
3
2,156
3,546

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Homeport Real Estate, Robert Pacheco

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.