Listed at a 8.58% cap rate on current income and $103,125 per unit, 137 Winter Street is well-located in a highly desired, densely populated residential neighborhood in the Historic Lower Highlands area of Fall River. The Property enjoys close proximity to the Charlton Memorial Hospital and to the future Fall River Train Station (MBTA – Stoughton Line) which is scheduled to open in 2023. Since 2018, six of the units have been renovated, featuring updated kitchens and bathrooms. The opportunity exists to increase the overall rent roll through programmatic upgrades to the remaining two unrenovated units and maximizing rents in the six renovated units. The property also has new replacement windows, a new asphalt shingle roof, and a newer hot water tank. The building is master metered; the Landlord is responsible for electricity, heat, hot water and domestic water & sewer. Five of the units feature gas on gas heating systems and three units feature forced hot water baseboard heat.

Information

Price: $825,000

Days On Market: 68

Year Build: 1900

Square Footage: 4,285 Sq ft

Total Baths: 8

Full Baths: 8

Bedrooms: 8

Details

Address: 137 Winter Street #8

County: Bristol

City: Fall River

Zip: 02720

State: Massachusetts

Taxes

Property Taxes: $6,089

Tax Year: 2023

Tax Amount: $6,089

Location

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Listing Agent: John Pentore

Listing Office: Horvath & Tremblay

Attribution contact: 781-776-4004