$1,025,000
159 Cherry St
Fall River, MA, 02720
Solid income producing 7-unit mixed use building in prime location!This large and meticulously renovated property boasts 6 spacious 1-bedroom apartments, a high-visibility corner storefront, and a 2-car garage making additional income. Enjoy stunning Braga Bridge and Battleship Cove views from some units. Recent upgrades include new kitchens, bathrooms, roof, vinyl floors throughout, carpet wall to drywall, windows, lead certificates, sewer line, and more. All units have forced hot air heating. A completely renovated unit is vacant, offering flexibility, while others house high-quality tenants providing steady income with potential for market rate increases. Store rent is $2200 with a 5yr auto escalation lease.Bonus! A brand new commuter rail station with imminent Boston access is a 15-minute walk. Plus, the revitalized Taunton Riverfront with exciting development is just steps away.Opposite a brand new condo development this area offers strong appreciation in the near future
Property Details
Price:
$1,025,000
MLS #:
73259991
Status:
Pending
Beds:
6
Baths:
7
Address:
159 Cherry St
Type:
Multi Family
Subtype:
5-9 Family
City:
Fall River
Listed Date:
Jul 3, 2024
State:
MA
Finished Sq Ft:
6,720
Total Sq Ft:
6,720
ZIP:
02720
Lot Size:
5,410 sqft / 0.12 acres (approx)
Year Built:
1875
Units:
7
Schools
Interior
Bathrooms
6 Full Bathrooms, 2 Half Bathrooms
Flooring
Vinyl
Exterior
Community Features
Public Transportation, Park, Walk/ Jog Trails, Laundromat, Marina, T- Station
Construction Materials
Brick, Stone
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
4
Roof
Shingle
Financial
Tax Year
2025
Taxes
$11,373
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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159 Cherry St
Fall River, MA
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