Experience the ultimate investment opportunity with this versatile mixed-use very large unfinished 3rd. floor that could be another unit or made into a loft with water view .. this property offers endless possibilities.Investors, take note! Owner financing is available, allowing you to leverage the rental income to help pay the mortgage and live comfortably while enjoying a remarkable return on investment. With below-market rents and all units currently occupied, this property presents an attractive 8% potential cap rate based on current market rents (currently $1,100, $850, $700, and $700).Ideally situated mere minutes from the upcoming train station, reliable transit connections between Southeastern Massachusetts and Boston will be at your doorstep. Additionally, this prime location offers convenient access to highways, shopping, restaurants, and entertainment venues, ensuring a high-demand rental market.
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Last Updated: October 7th, 2024 at 6:53pm
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General Information for 568 N Main St, Fall River, Massachusetts 02720
Property TypeCommercial Sale
Price$575,000
MLS #73232025
List Date2024-05-02
Special Listing ConditionsNo
StateMassachusetts
Street NameN Main St
Unit
CityFall River
Zip Code02720
CountyBristol
MLS Status
AssociationNo
Heat Zones
Sold Date
Building Area Total4516
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress568 N Main St, Fall River MA 02720
Zoning
Zoning DescriptionLegal Conforming
Business TypeCommercial
Interior Features for 568 N Main St, Fall River, Massachusetts 02720
* Approx. Living Area Total4,516 sq ft
MLS Area (Major)
OffMarketDate05/06/2024
Exterior Features for 568 N Main St, Fall River, Massachusetts 02720
* Parking Spaces3
* Year Built1900
Year Built Details
Year Built Source
Construction MaterialsNo
Approx. Street Frontage
Utilities
Disclosures for 568 N Main St, Fall River, Massachusetts 02720
Buyer Agent Compensation4
Contingency
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Facilitator Compensation0.1
TransactionBrokerCompensationType%
BuyerAgencyCompensationType%
Financial Information for 568 N Main St, Fall River, Massachusetts 02720
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesNo
AssociationNo
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease Type
OriginalListPrice$575,000
Lifestyle Information for 568 N Main St, Fall River, Massachusetts 02720
Association AmenitiesNo
Frontage Type
GarageYNNo
Location information for 568 N Main St, Fall River, Massachusetts 02720
Marketing History for 568 N Main St, Fall River, Massachusetts 02720
MLSPIN_MARKET_TIME_BROKER
MLSPIN_MARKET_TIME_PROPERTY
PurchaseContractDate2024-06-05
Agent Information for 568 N Main St, Fall River, Massachusetts 02720