Welcome to 275 Bank Street, a fully renovated 3292 SF multi-family property in a prime Fall River location within an Opportunity Zone. Currently configured as a four-family with four one-bedroom units, this property offers steady rental income ($1,100 to $1,500/month) with potential for conversion to a five-family by adding a fire escape to the third floor. Features include 98% efficient gas boilers with on-demand hot water, hardwood and ceramic flooring, stainless steel appliances, walk-in closets, a circular stairwell, and large custom windows. Additional unfinished space on the third floor offers room to expand and increase revenue. Private lighted parking and a spacious deck add appeal. Located in the Lower Highlands, near downtown, the waterfront, and the new Fall River Train Station set to open in 2025, this property is well-positioned to benefit from the city's revitalization. Don’t miss this exceptional investment opportunity in a high-demand area. Sold As-Is.
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Last Updated: November 17th, 2024 at 5:28am
General Information for 275 Bank St, Fall River, Massachusetts 02720
Property TypeCommercial Sale
Property Sub TypeMulti Family
Price$765,000
Price per sqft$0
MLS #73311780
Handicap Access / FeaturesNo
List Date2024-11-12
Special Listing Conditions
StateMassachusetts
Street NameBank St
CityFall River
Zip Code02720
CountyBristol
MLS Status
Covered Parking Spaces
Heating Y/NNo
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area Source
Building Area Total3292
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces
Listing Service
UnparsedAddress275 Bank St, Fall River MA 02720
Zoning
Interior Features for 275 Bank St, Fall River, Massachusetts 02720
* Approx. Living Area Total3,292 sq ft
Living Area Includes Basement
Bedrooms0
* # Fireplaces0
Bathrooms (Total)0
Full Baths
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area Disclosure
Living Area Includes Basement
Door Features
ElectricNo
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_1
MLSPIN_BEDRMS_2
MLSPIN_BEDRMS_3
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_1
MLSPIN_F_BTHS_2
MLSPIN_F_BTHS_3
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_1
MLSPIN_H_BTHS_2
MLSPIN_H_BTHS_3
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 275 Bank St, Fall River, Massachusetts 02720
* Approximate Lot Size0.09 acres
Covered Parking Spaces
Lot Features
* Parking Spaces4
* Sewer Utilities
* Water Utilities
* Year Built1900
Year Built Details
Year Built Source
Construction Materials
Exterior Features
Foundation Area
Foundation Materials
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)4,077 Sqft
Disclosures for 275 Bank St, Fall River, Massachusetts 02720
Buyer Agent Compensation
Contingency
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Living Area Disclosure
Living Area Includes Basement
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 275 Bank St, Fall River, Massachusetts 02720
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$0
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_1
MLSPIN_LEVELS_2
MLSPIN_LEVELS_3
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT1
MLSPIN_RENT2
MLSPIN_RENT3
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$0
OperatingExpense$0
OriginalListPrice$765,000
RENT_FEE_INCLUDES
TOTAL_RENT
WaterSewerExpense$0
Lifestyle Information for 275 Bank St, Fall River, Massachusetts 02720
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 275 Bank St, Fall River, Massachusetts 02720
Elementary School
Middle School
High School
NumberOfUnitsTotal
Marketing History for 275 Bank St, Fall River, Massachusetts 02720
MLSPIN_MARKET_TIME_BROKER
MLSPIN_MARKET_TIME_PROPERTY
PurchaseContractDate
Agent Information for 275 Bank St, Fall River, Massachusetts 02720
Agent MLS IDCN220309
Office MLS IDAN6524
Buyer Agent MLS ID
Buyer Office MLS ID
Team Members
Payment Calculator
, Interest
Property Taxes $0
Principal & Interest 4713.69
HOA Dues $0
Exclusive Listing Agent
Erin Hovan
Berkshire Hathaway HomeServices Robert Paul Properties