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1155-1157 Pleasant St, Fall River, MA 02723

  • $3,325,000

  • 36

    bed

  • 27

    bath

  • 21,000

    Sqft ($158/Sqft)

Multi-family for sale 168 days
$35K price drop
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About 1155-1157 Pleasant St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 0.41 Acre
Movoto estimate
Property description
Exceptional mixed-use investment opportunity featuring four buildings and a large parking lot with abundant off-street parking. The portfolio includes a 10-unit building (2 commercial, 8 residential), a 4-unit building (1 commercial, 3 residential), a 4-family, and a 6-family, totaling 36 bedrooms comprised of one 3-bedroom, thirteen 2-bedroom units, three commercial spaces, and the remaining 1-bedrooms. Current gross income is $365,400 annually, offered at an 8.2% cap rate. Clear path to approximately 11.5% cap at market rents through modest increases, creating significant value-add upside. Commercial tenants include Metro PCS and a tattoo studio, providing stable income alongside strong residential cash flow.
Listed by
Listing Agent - Zachary Conley
Listing Office - NextGen Realty, Inc.
Source: MLS Property Information Network, Inc. mls logo
MLS#73477347 • last updated 4 months ago
Movoto checked MLS Property Information Network, Inc. for data 7 minutes ago
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Overview
Levels/Style 5, 5
MLS # 73477347
Type Residential Income
Status Active
SubType 5-9 Family
SqFt 21000
Lot Size (SqFt) 17800
Lot Size (Acres) 0.41
Annual Property Tax 27787
Year Built 1900
Interior
Total # of Bathrooms 27
# Full Baths 23
# Half Baths 4
Total # of Bedrooms 36
Basement Full
Total # of Rooms 81
Flooring Wood, Tile, Carpet
Exterior
Foundation Other
Roof Shingle, Rubber, Other
Construction Frame
Parking Desc Paved Drive, Leased, Assigned
# Parking Spaces 17
Exterior Features Rain Gutters, Other
Lot Desc Corner Lot, Other
Amenities / Utilities
Sewer Public Sewer
Utilities For Gas Range
Electricity 110 Volts, Other (See Remarks)
Water Source Public
Location
County Bristol
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House Of Worship, Private School, Public School, T-Station, University, Other
Zoning 5+
APN 2829778
Directions GPS
Multifamily Details
Net Operating Income 294355
Operating Expense 84845
Total Actual Rent 30450
Financial Data Source Owner, Pro. Forma Available, Other (See Remarks)
Expense: Water/ Sewer 13000
Gross Income 379200
Expense: Electricity 5891
Gross Scheduled Income 12434
Lot/ Land Details
Road Frontage Public
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Around Flint

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  • Real Estate
  • MA
  • Bristol County
  • Fall River
  • 02723
  • Flint
  • 1155-1157 Pleasant St

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