136 Lonsdale Street
136 Lonsdale Street
$417,500
15
6
3
5,478
5,478
$76
Sold 12/24/19
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.
- Listed by David Ferreira • Fortified Realty Group
Property Details for 136 Lonsdale Street
Town
Fall River
AreaMA-Fall River
Garage Spaces0
Parking Spaces.00
Location
LISTING UPDATED: 08/06/2022 07:11 AM
Property Details for 136 Lonsdale Street
Status | Sold |
---|---|
MLS # | 72513418 |
Days on Market | 121 |
Taxes | $4,946 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 5-9 Family |
Year Built | 1900 |
County | Bristol County |
Location
Building Information for 136 Lonsdale Street
Stories9Residences6Year Built1900Building Size-Lot Size0.11 AC / 5,000 SF
Payment Calculator
$2,691 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 136 Lonsdale Street
Property History for 136 Lonsdale Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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