136 Lonsdale Street

Fall River, MA 02721

$417,500
Last Sold Price
15
Beds
6
Baths
3
1/2 Baths
5,478 Sq. Ft.
$76 / Sq. Ft.
5,478
Sq. Ft.
$76
per Sq. Ft.

Description

NOI is $40,068 and Cap Rate is 9.21%. The rental market is tight and vacancies fill quickly for a premium. At $72,500 a unit, this 6-unit building is being offered for an investor looking to add a cash flowing and well managed property to their portfolio. Current ownership purchased the property, stabilized and repaired it and brought in a top management team to manage the day to day operations. Current management company has over 400 units under management and is willing to continue working with...NOI is $40,068 and Cap Rate is 9.21%. The rental market is tight and vacancies fill quickly for a premium. At $72,500 a unit, this 6-unit building is being offered for an investor looking to add a cash flowing and well managed property to their portfolio. Current ownership purchased the property, stabilized and repaired it and brought in a top management team to manage the day to day operations. Current management company has over 400 units under management and is willing to continue working with the new owners to ensure a seamless transition. This represents an opportunity for a passive investor to purchase income producing property and remain “hands off.” Fall River has several economic factors to continue to support the current income (and future growth) at this property. Sale includes 6 Fridges/6 Stoves/6 Water Heaters. Contract with vendor for coin-op laundry for added income. See attached report for further complete breakdown of property.
  1. Listed by David Ferreira • Fortified Realty Group

Property Details for 136 Lonsdale Street

Town
Fall River
Area
MA-Fall River
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of Fortified Realty Group, David Ferreira

Sold By Keller Williams South Watuppa, Lori Medeiros

Add your commute
LISTING UPDATED: 08/06/2022 07:11 AM

Property Details for 136 Lonsdale Street

StatusSold
MLS #72513418
Days on Market121
Taxes$4,946 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1900
CountyBristol County

Location

Listing Courtesy of Fortified Realty Group, David Ferreira

Sold By Keller Williams South Watuppa, Lori Medeiros

Add your commute

Building Information for 136 Lonsdale Street

Stories9Residences6Year Built1900Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$2,691 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,278

Property Taxes

$412

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 136 Lonsdale Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Conv. ARM
  • Living Area: 5478.0
  • Color: Tan
  • Total Units: 6
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer, Unit 1(Range, Refrigerator), Unit 2(Range, Unit 3(Range, Unit 4(Range, Gas Water Heater, Tankless Water Heater, Utility Connections for Gas Range
  • Basement Features: Full
  • Num of Baths: 9.0
  • Num of Full Baths: 6
  • Num of Half Baths: 3
  • Bathrooms Total Decimal: 7.50
  • Bathrooms Total Integer: 9
  • FireplaceYN: No
  • Fireplaces: 0
  • Laundry Features: Laundry Room
Exterior Features
  • Lot Description: Easements
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Electric: Circuit Breakers, 60 Amps/Less
  • Heating: Unit 1(Gas, Space Heater), Unit 2(Gas, Unit 3(Gas, Unit 4(Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Seller has never occupied the property. Many repairs were completed including unit repairs and some new water heaters. Property is professionally managed. Washer/Dryer owned by Automatic Laundry - contract to pass to new owner. See attached Packet for further info. Roof is newer.
Tax Information
  • Tax ID: M:0I17 B:0000 L:0037,2828505
  • Assessments: $339,200
  • Book: 9541
  • Tax Year: 2019
  • Zoning: A-3
Building / Association Information
Living Characteristics
  • Beds Total: 15
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone, Granite
  • Heat Units: 6
  • Heat Zones: 6
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $63,600.00
  • GRE: $24,859
  • NOI: $38,441.00
  • Operating Expense: $24,859.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $5,275.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 136 Lonsdale Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 136 Lonsdale Street

Taxable ValueLand$78,500Additions$460,100Total$538,600
Tax Record2023$6,609 ($551 / month)
Home Facts
Baths6Total Finished SqFt5,478 SqFtAbove Grade Finished SqFt5,478 SqFtUnfinished Basement SqFt1,826 SqFtStories3Lot Size2,718 SqFtStyleMulti-Family Res (5+ Units)Year Built1935ZoningA-3CountyBRISTOLAPNFALL M:0I-17 B:0000 L:0078

Schools near 136 Lonsdale Street

This home is within Fall River School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
William S Greene
PublicPK to 5

Matthew J Kuss Middle School
Public6 to 8

B M C Durfee High School
Public9 to 12

Resiliency Middle School
Public6 to 8

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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fortified Realty Group, David Ferreira

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.