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34454398
34454406

801 North Main Street, Fall River, MA 02720 For Sale

DM
RI RI RES.0018968
Century 21 North East Group
Listed by Century 21 North East Group
$1,200,000
2 days on market
Updated 2 days ago

801 North Main Street

Details
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 6,414
Units 8
Cap Rate 8.4%
NOI $100,745
Occupancy 100%
Tenancy Single
Lease Type Net
Pro-Forma Cap Rate 11.2%
Pro-Forma NOI $134,400
Price per SqFt $187
Class B
Year Built 1882
Year Renovated 2025
Buildings 2
Zoning BL
Investment Type Stabilized
Tenant Credit Credit Rated
Ground Lease No

Turn-Key Investment | Strong In-Place Cash Flow | Immediate Value-Add Opportunity

Marketing description

799–809 North Main Street is a unique, stabilized 8+ unit multi-family commercial property with views of the Taunton River. The "plus+" is an additional 1,319SF of leased commercial space. The offering provides a strong in-place income with a clear path to increased cash flow in one of Fall River’s most active up and coming rental corridors. The property currently generates $121,236 in annual income, with a pro forma gross of ~$134,400, plus the additional $6,600/year in leased commercial income, bringing total potential income to over $141,000. The two buildings sit on one 7,114 SF lot, BOTH updated with newer vinyl siding and roofs. The property features 8 total residential apartments, Front building contains four 1 bed 1 baths, Rear building contains four 2 bed 1 baths and a common area basement w washer/dryer hookups. ALL with separate utilities and central heat, including 2 units with central air. Tenants pay their own utilities. Professionally managed with consistent rent collections, the asset offers immediate upside through lease-up and rent alignment. Recent Navien high-efficiency boiler systems reduce future capital expenditure and improve operational efficiency, making this a true “plug-and-play” investment with stable cash flow and defined upside.

Investment highlights

Key Investment Highlights

  • 8+ Unit Mixed-Use Investment with eight residential apartments plus 1,319 SF of leased commercial space
  • Current Gross Income: $121,236/year
  • Pro Forma Gross Income: Approximately $141,000+/year, including commercial lease income
  • Immediate Value-Add Opportunity through lease-up and rent alignment
  • Professionally Managed with consistent rent collections
  • Separate Utilities for all residential units; tenants pay their own utilities
  • Central Heat Throughout with 2 units featuring central air conditioning
  • Recent Navien High-Efficiency Boiler Systems reducing operating costs and future capital expenditures
  • Two Buildings on One Lot totaling 7,114 SF, both updated with newer roofs and vinyl siding
  • Water Views overlooking the Taunton River
  • Common Basement with washer/dryer hookups
  • Strong Unit Mix: Four 1-bedroom units and four 2-bedroom units
  • Located in one of Fall River's fastest-growing rental corridors, offering long-term appreciation potential
  • Turn-Key Investment with stable in-place cash flow and clearly defined upside

Listing Contacts

DM
RI RI RES.0018968
Century 21 North East Group
Listed by Century 21 North East Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,745.00
$8,395.42/mo

Valuation Metrics

0
DSCR
8.4%
Cap Rate
8.4%
ROI

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