Sold
Last Sold Price
18 beds7,000 sqft
488-494 Ridge St, Fall River, MA 02724
Multi FamilyProperty Type
0.16 acresLot Size
1900Year Built
$314/sq ftPrice per sq ft

Description

This spacious 9-unit property is located in the South end of the city, close to Saint Anne's Hospital. The property consists of 2 separate buildings on one parcel. The back building contains 3 large (3) bedroom units, and the front building layout consists of three (2) bedroom units and three (1) bedroom units. This property is to be sold as a package together with the North end property located at 293 Crescent Street of 6 units for a combined total package of 15 apartments. Perfect property for...This spacious 9-unit property is located in the South end of the city, close to Saint Anne's Hospital. The property consists of 2 separate buildings on one parcel. The back building contains 3 large (3) bedroom units, and the front building layout consists of three (2) bedroom units and three (1) bedroom units. This property is to be sold as a package together with the North end property located at 293 Crescent Street of 6 units for a combined total package of 15 apartments. Perfect property for investors with a projected gross income of 300K plus. Possible owner financing available for well qualified buyers. Neither seller nor agent, make any representations as to the accuracy of any information contained herein. Buyer(s) and buyer(s) agent must conduct their own due diligence, verification, research and are relying solely on the same. Sellers have never occupied property. Property being sold as is as seen.
  • Listed by: Vasco Cabral • Keller Williams Realty
Listing closed: 10/02/2024 12:00 AM • Source: MLS PIN, MLS#: 73241095

Recent comparable sales

Median sold price

$1,205,000

Avg days on market

35

Sale-to-list ratio

99.1%

Fall River, MA

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Location

Listing Courtesy of Keller Williams Realty, Vasco Cabral

Sold By Highland Real Estate Group, Manny V Lindo

Add your commute

Payment Calculator

$12,368 per month

30 year fixed, 6.71% Interest

Principal and Interest

$11,369

Property Taxes

$999

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 488-494 Ridge Street

Property Details
  • Taxes: $11,989 / year
  • MLS Type: Multi-family / 5-9 Family
  • Town: Fall River
  • Area: MA-Fall River
  • Garage Spaces: 0
  • Open Parking Spaces: .00
Building Information
  • Stories: 8
  • Residences: 9
  • Year Built: 1900
  • Lot Size: 0.16 AC / 7,013 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
  • Current Financing: Private
  • Living Area: 7000.0
  • SqFt with Basement: No
  • Total Units: 9
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer, Range, Refrigerator
  • Basement Features: Full, Unfinished Basement
  • Num of Baths: 9.0
  • Num of Full Baths: 9
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 9.00
  • Bathrooms Total Integer: 9
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Carpet, Varies, Hardwood
  • Interior Features: Laundry Room, Living Room, Kitchen, Family Room
  • SpaYN: No
  • Window Features: Screens
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Exterior Features: Screens
  • Lot Description: Level
  • Roof Material: Shingle
  • View: City View(s)
  • View: Yes
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Open Parking: Yes
Utilities
  • Electric: Circuit Breakers, 100 Amp Service
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Taxes are combined total for the two buildings. Package deal with MLS # 73241093. SELLERS HAVE NEVER OCCUPIED PROPERTY. PROPERTY BEING SOLD AS IS AS SEEN.
Tax Information
  • Tax ID: M:0F27 B:0000 L:0003,2825408
  • Assessments: $1,043,400
  • Book: 7294
  • Tax Year: 2024
  • Zoning: N/A
Building / Association Information
Living Characteristics
  • Beds Total: 18
  • Total Living Levels: 8
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Electricity: $1,398.00
  • Gross Scheduled Income: $7,255.00
  • Insurance: $10,000.00
  • GRE: $27,459
  • RME: $3,571
  • Operating Expense: $27,459.00
  • WSE: $5,235.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $.00

Property History for 488-494 Ridge Street

DateEvent & SourcePriceAppreciation
Oct 2, 2024

Sold

MLS PIN #73241095

$2,200,000
Aug 15, 2024

Under Agreement

MLS PIN #73241095

Aug 15, 2024

Contingent

MLS PIN #73241095

DateEvent & SourcePrice
10/02/2024

Sold

MLS PIN #73241095

$2,200,000
08/15/2024

Under Agreement

MLS PIN #73241095

08/15/2024

Contingent

MLS PIN #73241095

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

Schools near 488-494 Ridge 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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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 Keller Williams Realty, Vasco Cabral

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.