186 John St Fall River MA 02721 MLS #73381917

186 John St
Fall River, MA, 02721
$1,300,000
15 Beds
8 Baths
8,298 SqFt
0.11 Acres
$1,300,000
186 John St
Fall River, MA, 02721
Prime Investment Opportunity Income-Producing Property in Rapidly Growing City. This is a seasoned investors dream.Turnkey asset ideal for investors, REITs, or 1031 exchange.Add this beauty to your portfolio, it most certainly will not disappoint!Strategic location near transit, downtown, and areas greatest landmarks. This building is immaculate!Property offers curb appeal, parking and boasts modern and tastefully remodeled units.Recently painted dormers.Newer sprinkler system and roof.Blow-in in attic insulation(2020) Newer water heaters, windows. Clean and bright laundry room with 2 coin op washers and 2 coin op dryers making this building attractive to the everyday tenant looking for convenience.Two Additional units in lower level adding to rental income. High occupancy rates with established tenants some long term tenants and all tenants are current. Buildings annual gross is a little over 140k with potential to be increased. Full financials, rent roll and showings available.

Property Details

Price:
$1,300,000
MLS #:
73381917
Status:
Active
Beds:
15
Baths:
8
Address:
186 John St
Type:
Multi Family
Subtype:
5-9 Family
City:
Fall River
Listed Date:
May 29, 2025
State:
MA
Finished Sq Ft:
8,298
Total Sq Ft:
8,298
ZIP:
02721
Lot Size:
4,970 sqft / 0.11 acres (approx)
Year Built:
1900
Units:
6

Schools

Interior

Appliances
Range, Refrigerator
Bathrooms
8 Full Bathrooms
Flooring
Wood, Plywood, Vinyl, Carpet, Varies, Hardwood

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T- Station
Construction Materials
Frame
Exterior Features
Rain Gutters, Sprinkler System
Parking Features
Off Street, Paved
Parking Spots
4
Roof
Shingle

Financial

Net Operating Income
$101,699
Tax Year
2025
Taxes
$10,122
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

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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