386 Second Street

Fall River, MA 02721

$825,000
Price
6
Beds
6
Baths
2
1/2 Baths
4,837 Sq. Ft.
$171 / Sq. Ft.
4,837
Sq. Ft.
$171
per Sq. Ft.

Description

Investors Take Notice! Mix use commercial/residential property situated in the heart of downtown Fall River, MA. Consists of two storefronts and six residential apartments each with 1 bedroom, 6 off street parking spaces, and a new roof. Easy access to routes 195/24/79. Walking distance from the new MBTA train station. local restaurants, shopping, and more. All occupants TAW, rents are $650, $850, $675, $400, $725, $825, $600, one vacancy. Don't miss this opportunity. Schedule your showing today!Investors Take Notice! Mix use commercial/residential property situated in the heart of downtown Fall River, MA. Consists of two storefronts and six residential apartments each with 1 bedroom, 6 off street parking spaces, and a new roof. Easy access to routes 195/24/79. Walking distance from the new MBTA train station. local restaurants, shopping, and more. All occupants TAW, rents are $650, $850, $675, $400, $725, $825, $600, one vacancy. Don't miss this opportunity. Schedule your showing today!
  1. Listed by James Sabra • Equity Real Estate
  2. Listed by Kathryn Salmon • Equity Real Estate

Property Details for 386 Second Street

Town
Fall River
Area
MA-Fall River
Garage Spaces
0
Parking Spaces
6.00
Parking Spaces Total
6

Location

Listing Courtesy of Equity Real Estate, James Sabra; Equity Real Estate, Kathryn Salmon
Add your commute
LISTING UPDATED: 04/22/2024 09:26 AM

Property Details for 386 Second Street

StatusContingent
MLS #73200376
Days on Market75
Taxes$10,675 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1924
CountyBristol County

Location

Listing Courtesy of Equity Real Estate, James Sabra; Equity Real Estate, Kathryn Salmon
Add your commute

Building Information for 386 Second Street

Stories9Residences8Year Built1924Building Size-Lot Size0.09 AC / 4,069 SF

Payment Calculator

$5,392 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,502

Property Taxes

$890

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 386 Second Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship
  • Living Area: 4837.0
  • SqFt with Basement: No
  • Total Units: 8
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Unfinished Basement
  • Num of Baths: 8.0
  • Num of Full Baths: 6
  • Num of Half Baths: 2
  • Bathrooms Total Decimal: 7.00
  • Bathrooms Total Integer: 8
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Lot Description: Corner Lot
  • Roof Material: Shingle, Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: 60 Amps/Less
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas 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: Buyer and Buyer's agent must conduct their own due diligence,verifications,and research and are not to rely solely on the information contained herein.
Tax Information
  • Tax ID: 2828054
  • Assessments: $558,700
  • Book: 5280
  • Tax Year: 2024
  • Zoning: CBD
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Heat Units: 8
  • Heat Zones: 8
Income / Expenses
  • Electricity: $.00
  • GOI: $56,700.00
  • Gross Scheduled Income: $6,000.00
  • Insurance: $5,000.00
  • GRE: $13,400
  • NOI: $32,625.00
  • Operating Expense: $13,400.00
  • WSE: $2,400.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 0
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 0
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 0
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 0
Rental Info
Rental Info
  • Total Actual Rent: $2,550.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 386 Second Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 386 Second Street

This home is within Fall River School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 6 to 8
Public - 7 to 12
Rating
School
Distance
Henry Lord Community School
PublicPK to 8

B M C Durfee High School
Public9 to 12

Resiliency Middle School
Public6 to 8

Resiliency Preparatory Academy
Public7 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 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 Equity Real Estate, James Sabra; Equity Real Estate, Kathryn Salmon

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.