Fall River Ave Seekonk, MA 02771

Property Details for Fall River Ave

Year built

1910

Lot size

0.24 lot acres

Property type

Commercial real estate

Description

This exceptional investment property in Seekonk, MA, presents a rare opportunity to acquire a high-income-generating asset. Situated on a highly visible 0.24-acre corner lot on heavily trafficked Fall River Avenue, the property comprises two separate buildings. One building houses a thriving driving school, currently leased for $2400 per month on a three-year lease, offering immediate and stable income. The second building features a profitable convenience store operating on a month-to-month lease at $2500 per month. Adding to the property's strong cash flow are three residential units: one 1-bedroom unit rented at $1600 per month, one 2-bedroom unit at $1900 per month, and one 3-bedroom unit also at $1900 per month. All residential units are currently occupied, presenting the potential for future rent increases. Ample on-site parking accommodates 12 vehicles. This turnkey investment offers a diverse income stream with significant upside potential, making it an ideal acquisition for savvy investors seeking a strong return on investment. The property's prime location and high visibility ensure continued tenant occupancy and strong rental demand. The asking price is $1,449,900.

Location Insight

City

Seekonk

County

Bristol

State

Massachusetts

Longitude

-71.3431

Latitude

41.8291