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1240-1246 N Main St Fall River, MA 02720

For Sale
$2,200,000

Fifteen-unit multifamily property near Fall River MBTA station.

Lot size:
0.16 Acres

Property Features for 1240-1246 N Main St

General Information

Lot size
0.16 Acres

Building Details

Year built
1900

Source: Horvath & Tremblay Agent Spencer Smith

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Multifamily Building Near MBTA Station

The property at 1240-1246 N Main Street is a three-story building featuring fifteen 2-bedroom/1-bathroom residential units. The building has 11,423 square feet of living area within a total gross area of 15,983 square feet, situated on a 0.16-acre corner parcel. The property is well-maintained and features a new roof. Each unit is separately metered for electric, gas-fired heat, and gas-fired hot water, with tenants paying these utilities directly. The landlord is responsible for common area electric, domestic water, and sewer. Located on the corner of Hood Street and N Main Street in Fall River's north end, the property benefits from its location along the municipal bus line, with a stop in front of the building. It is also located 0.4 miles from the Fall River Depot, the new MBTA Train Station with direct service to Boston. The current occupants are tenants-at-will, and in-place rents are below market rates for comparable units in the area, offering upside potential.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Fall River
County
Bristol
State
Massachusetts
Longitude
-71.1494497
Latitude
41.7179048

FAQs

What type of property is this?
Apartment building - Fifteen-unit multifamily property near Fall River MBTA station.
Where is this apartment building located?
The property is located at 1240-1246 N Main St Fall River, MA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: - Fifteen (15) 2-Bedroom/1 Bathroom residential units offer immediate income potential.; - New roof ensures reduced maintenance costs in the near term.; - Upside potential through rent increases as current rents are below market rates.
More about this property
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