Discover this charming and updated 3-family property in Fall River, MA, offering a fantastic investment opportunity with all units currently rented out. This well-maintained recently updated multi is perfect for investors and buyers seeking low maintenance income. The spacious first-floor unit is designed for easy living, featuring all one-level convenience. It boasts a bright living area, a modern kitchen, and comfortable bedrooms, making it ideal for families or long-term tenants. The two upper units are side by side and uniquely designed as cottage-set ups each with a second-floor layout. conveniently located near schools, parks, shopping, and public transportation. This property presents an ideal chance for investors to enter the rental market with a fully operational, income-generating asset. Don’t miss the chance to add this 3-family to your portfolio.
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Last Updated: April 1st, 2025 at 5:53am
Gross Income: $64,800
Gross Expenses: $5,040
Net Income Calc: $59,760
CAP Rate: 8.85%
Annual Expenses for 281 Harrison St, Fall River MA 02723
Total Gross Expenses (Calculated)$5,040/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$5,040
Annual Income & Unit Breakdown for 281 Harrison St, Fall River MA 02723
Total Gross Income (Calculated)$64,800
Unit 1
Rental Income2000
LeaseY
Bedrooms3
Bathrooms1 Full
Floor0
Levels in Unit0
HeatingYes
Rent IncludesUnit 1(none), Unit 2(none), Unit 3(none)
Unit 2
Rental Income1700
LeaseY
Bedrooms3
Bathrooms1 Full
Floor0
Levels in Unit0
HeatingYes
Rent IncludesUnit 1(none), Unit 2(none), Unit 3(none)
Unit 3
Rental Income1700
Lease
Bedrooms3
Bathrooms1 Full
Floor0
Levels in Unit0
HeatingYes
Rent IncludesUnit 1(none), Unit 2(none), Unit 3(none)
General Information for 281 Harrison St, Fall River MA 02723
Listing ID73351963
Property TypeMulti Family / 3 Family
Price$675,000 ($201.13/SqFt)
Style
CityFall River
CountyBristol
MLS Area
Neighborhood(s)
Approximate Living Area Total3,356 SqFt
Approximate Lot Size (Acres)0.08 acres
Total Parking2
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningN/A
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 281 Harrison St, Fall River MA 02723
Disclosures for 281 Harrison St, Fall River MA 02723
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$64,800
Total Net Income By Broker$64,800
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 281 Harrison St, Fall River MA 02723
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 281 Harrison St, Fall River MA 02723