Last Sold Price
8 beds3,989 sqft$153/sqft

Description

Investors take note! Well maintained 6 Unit mixed use property offering 5 residential units and 1 store front. Includes (1) 3 bedroom unit, (1) 2 bedroom unit, and (3) 1 bedroom units. Property has seen improvements throughout the past couple of years which include but not limited to the roof, windows, siding, and electrical. One unit currently vacant and will remain vacant until sale all other tenants have occupied the property long term. Store front is currently being operated by a barbershop that...Investors take note! Well maintained 6 Unit mixed use property offering 5 residential units and 1 store front. Includes (1) 3 bedroom unit, (1) 2 bedroom unit, and (3) 1 bedroom units. Property has seen improvements throughout the past couple of years which include but not limited to the roof, windows, siding, and electrical. One unit currently vacant and will remain vacant until sale all other tenants have occupied the property long term. Store front is currently being operated by a barbershop that has been in business for over 40 years which shows this is a great location zoned business with high visibility/traffic and close by to highway access. Property also offers off street parking. Located only 2 miles from the soon to be Fall River MBTA station. Potential NOI of $60k+. 3 units to be delivered vacant by April 1st great opportunity for you to choose your own tenants.
LISTING CLOSED: 05/13/2022 12:00 AM

  1. Listed by Christopher J. Paiva • Paiva Real Estate Services, LLC

Property Details for 887 2nd Street

Status
MLS #
72927893
Days on Market
79
Taxes
$4,163 / year
HOA Fees
-
Property Type
MLS Type
Multi-family / 5+ Family - 5+ Units Up/Down
Year Built
1900
Town
Fall River
Area
MA-Fall River
Garage Spaces
0
Open Parking Spaces
5.00
Parking Spaces Total
5

Location

Listing Courtesy of Paiva Real Estate Services, LLC, Christopher J. Paiva

Sold By Paiva Real Estate Services, LLC, Fred Grizotte

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Building Information for 887 2nd Street

Stories11Residences6Year Built1900Building Size-Lot Size0.11 AC / 4,822 SF

Payment Calculator

$3,447 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,101

Property Taxes

$347

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 887 2nd Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Laundromat, Highway Access
  • Current Financing: Conv. ARM
  • Living Area: 3989.0
  • Color: Gray
  • Total Units: 6
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Refrigerator), Unit 3(Range, Unit 4(Range, Gas Water Heater, Electric Water Heater, Tankless Water Heater, Water Heater(Varies Per Unit), Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Gas Oven, Utility Connections for Electric Oven, Utility Connections Varies per Unit
  • Basement Features: Full
  • Num of Baths: 6.0
  • Num of Full Baths: 5
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 5.50
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Vinyl, Carpet, Varies Per Unit, Hardwood, Unit 1(undefined), Unit 3(Wall to Wall Carpet), Unit 4(Wall to Wall Carpet)
  • Interior Features: Unit 3(Bathroom With Tub & Shower), Unit 4(Bathroom with Shower Stall), Unit 1 Rooms(Living Room, Kitchen), Unit 3 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 4 Rooms(Kitchen
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Exterior Features: Fenced Yard
  • Fencing: Fenced/Enclosed, Fenced
  • Lot Description: Cleared
  • Roof Material: Asphalt/Composition Shingles
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Electric: 110 Volts, 220 Volts, Circuit Breakers, 60 Amps/Less, 100 Amp Service, Individually Metered, Varies per Unit
  • Heating: Unit 1(Gas, Space Heater), Unit 2(Hot Water Baseboard), Unit 3(Gas, Unit 4(Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, Varies per Unit
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Seller currently occupies store front and will consider lease back. Rents are below market rates
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:0G08 B:0000 L:0036,2826057
  • Assessments: $301,000
  • Book: 2727
  • Lot: 0036
  • Map: 0G-08
  • Tax Year: 2021
  • Zoning: B-L
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 11
Other Building Characteristics
  • Foundation: Granite
  • Frontage: 53.00
  • Cooling Units: 1
  • Heat Units: 6
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $35,820.00
  • Insurance: $2,560.00
  • GRE: $4,560
  • NOI: $27,098.00
  • Operating Expense: $4,560.00
  • WSE: $2,000.00
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
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $2,235.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 1%

Property History for 887 2nd Street

DateEvent & SourcePriceAppreciation
May 13, 2022

Sold

MLS PIN #72927893

$610,000
Mar 2, 2022

Under Agreement

MLS PIN #72927893

Mar 2, 2022

Contingent

MLS PIN #72927893

DateEvent & SourcePrice
05/13/2022

Sold

MLS PIN #72927893

$610,000
03/02/2022

Under Agreement

MLS PIN #72927893

03/02/2022

Contingent

MLS PIN #72927893

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

Public Records for 887 2nd Street

Taxable ValueLand$105,200Additions$397,700Total$502,900
Tax Record2025$5,758 ($480 / month)
Home Facts
Baths5.5Total Finished SqFt3,989 SqFtAbove Grade Finished SqFt3,989 SqFtUnfinished Basement SqFt1,215 SqFtStories3Lot Size4,822 SqFtStyleOffice BuildingYear Built1900Year Renovated1900ZoningB-LCountyBRISTOLAPNFALL M:0G-08 B:0000 L:0036

Schools near 887 2nd 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 Paiva Real Estate Services, LLC, Christopher J. Paiva

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.