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  • Exterior
  • Kitchen
  • Entry Way
  • Living
  • Bedroom
  • Bath
  • Other

62 Morton St, Fall River, MA 02720

$1,379,000
•
  • 17

    bed

  • 8

    bath

  • 5,570

    Sqft ($248/Sqft)

Multi-family for sale 10 days

About 62 Morton St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 7,396 Sqft
Movoto estimate
Property description
8-UNIT CASH COW WITH STRONG INCOME & UPSIDE POTENTIAL! Excellent investment opportunity in Fall River featuring 8 well-maintained residential units with a proven rental history, stable income, and long-term tenants! The building consists of five 2-bedroom apartments, two 3-bedroom apartments, and one 1-bedroom apartment, offering a desirable unit mix totaling 17 bedrooms. All units have separately metered electric and individual heating systems, with tenants responsible for their own utilities. Off-street parking accommodates approximately 6–8 vehicles. New Roof approx. 2019. Currently generating $146,940 in annual gross rental income with approximately $116,572 in net income! Many tenants have not received rent increases since 2024 presenting an opportunity for future income growth. Most units are occupied by tenants at will providing additional flexibility for the next owner. 62 Morton st is a well-maintained, income-producing asset with established tenancy and excellent investment potential! Group showings begin this weekend. Call to schedule!
Listed by
Listing Agent - Adam Stivaletta
Listing Office - The Agency Boston
Source: MLS Property Information Network, Inc. mls logo
MLS#73595734 • last updated 1 week ago
Movoto checked MLS Property Information Network, Inc. for data 9 minutes ago
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Overview
Levels/Style 5, 5
MLS # 73595734
Type Residential Income
Status Active
SubType 5-9 Family
SqFt 5570
Lot Size (SqFt) 7396
Lot Size (Acres) 0.17
Annual Property Tax 12175
Year Built 1900
Interior
Total # of Bathrooms 8
# Full Baths 8
Total # of Bedrooms 17
Basement Full, Unfinished
Total # of Rooms 34
Appliances Washer, Dryer
Exterior
Foundation Concrete Perimeter
# Parking Spaces 8
Fencing Fenced/Enclosed
Lot Desc Cleared, Level
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Bristol
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, Public School
Zoning G
APN 2836987
Directions GPS
Multifamily Details
Net Operating Income 114808
Operating Expense 30331
Total Actual Rent 12245
Financial Data Source Estimated, Owner, Pro. Forma Available
Expense: Water/ Sewer 4613
Gross Income 145140
Expense: Electricity 648
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Around Mechanicsville

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Walk
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Family
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Dining
81/100
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  • Real Estate
  • MA
  • Bristol County
  • Fall River
  • 02720
  • Mechanicsville
  • 62 Morton St

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