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85-87 Shawmut, Fall River, MA 02720

$776,746
Last sold 09/17/2024 for $750K
9
bed
4
bath
3,987
Sqft ($188/Sqft)

Multi-family not for sale

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About 85-87 Shawmut

Property type Multi-family

Neighborhood

Year built 1900

HOA fee $0/month

Lot size 5,144 Sqft

Movoto estimate

Parking 2 garage spaces

Property description

No showings until the 1st open house 7/14- please DO NOT walk the property. This property represents a fantastic opportunity for an investor seeking a well-maintained, income-producing asset with easy access to the highway and just 1.5 miles from the new Fall River commuter rail train station. Each unit is generously sized with three bedrooms, one full bath, a living room, a dining room, & an eat in kitchen. 1st floor has been completely renovated and has exclusive access to a bonus family room, office area and 2nd full bath with laundry in the partially finished basement. Lead paint letters of compliance already in hand for 2nd and 3rd floor units. Some key features include a newer roof, updated furnaces, 3 newer hot water tanks, separately metered gas & separately metered electric for each unit, a maintenance-free exterior, off-street parking for at least two vehicles, a fenced-in private rear yard, & a full basement with secure storage rooms and multiple washer & dryer connection

Listed by

Listing Agent - Sandy Andersen

Listing Office - The Real Estate Collaborative

Source: MLS Property Information Network, Inc.

MLS#73287115 • last updated 1 year ago

Movoto checked MLS Property Information Network, Inc. for data 5 minutes ago

Overview
Cooling/AC	None
Heating	Baseboard, Natural Gas, Individual, Unit Control
Levels/Style	6
MLS #	73287115
Type	Residential Income
Status	Closed
SubType	3 Family - 3 Units Up/Down
SqFt	3987
Lot Size (SqFt)	5144
Lot Size (Acres)	0.12
Annual Property Tax	6476
Year Built	1900

Interior
Total # of Bathrooms	4
# Full Baths	4
Total # of Bedrooms	9
Basement	Partially Finished, Interior Entry
Total # of Rooms	21
Laundry	Gas Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Flooring	Tile, Laminate, Hardwood, Wood
Appliances	Range, Refrigerator
Interior Features	Ceiling Fan(s), Pantry, Bathroom With Shower Stall, Bathroom With Tub & Shower, Remodeled, Living Room, Dining Room, Kitchen, Family Room, Laundry Room, Office/Den

Exterior
Foundation	Stone
Roof	Shingle
# Covered Spaces	2
Parking Desc	Paved
# Parking Spaces	3
# Garage Spaces	2
Exterior Features	Rain Gutters
Patio/ Porch	Patio
Fencing	Fenced/Enclosed, Fenced
Lot Desc	Level

Amenities / Utilities
Sewer	Public Sewer
Utilities	For Gas Range, for Gas Dryer, for Electric Dryer, Washer Hookup, Varies Per Unit
Electricity	Circuit Breakers, Individually Metered
Water Source	Public

Location
County	Bristol
Community Features	Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Public School, T-Station
Zoning	G
Directions	Use GPS

Multifamily Details
Rent Includes	Unit 1(Water), Unit 2(Water), Unit 3(Water)
Net Operating Income	58030
Operating Expense	6170
Total Actual Rent	5350
Financial Data Source	Estimated, Owner
Expense: Water/ Sewer	1700
Gross Income	64200
Expense: Electricity	220