$ 765,000
275 Bank St Fall River, MA 02720
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$ 765,000
Est. payment | /mo
3,292 SqFt
$ 765,000
Est. payment | /mo
3,292 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,292 sqft
Price per Sqft $232
MLS Listing ID 73311780
HOA Y/N false
Year Built 1900
Annual Tax Amount $5,083
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Property Description
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.
Location
State MA
County Bristol
Zoning A-3
Direction North Main Street to Bank Street. Bank Street between Rock Street and High Street.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Waterfront false
Roof Type Asphalt/Composition Shingles
Total Parking Spaces 4
Others
Senior Community false
Listed by Berkshire Hathaway HomeServices Robert Paul Properties
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Andrea Castinetti
Broker-Owner