MA
Bristol
Fall River
02723
1155-1157 Pleasant Street
1155-1157 Pleasant Street, Fall River, MA 02723
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Listing Type
Multi Family
Listing Status
Active
32
$3,360,000

Home Details for 1155-1157 Pleasant Street

Price
$3,360,000
Type
Residential Income
Bedrooms
36
Bathrooms
27.0
Square feet
21000
Year built
1900
Lot size acres
0.41
County
Bristol
Total rooms
81
Garage
Basement
Full
Days on site
6
MLS Listing#
73477347
Property Description

Exceptional mixed-use investment opportunity featuring four buildings and a large parking lot with abundant off-street parking. The portfolio includes a 10-unit building (2 commercial, 8 residential), a 4-unit building (1 commercial, 3 residential), a 4-family, and a 6-family, totaling 36 bedrooms comprised of one 3-bedroom, thirteen 2-bedroom units, three commercial spaces, and the remaining 1-bedrooms. Current gross income is $365,400 annually, offered at an 8.2% cap rate. Clear path to approximately 11.5% cap at market rents through modest increases, creating significant value-add upside. Commercial tenants include Metro PCS and a tattoo studio, providing stable income alongside strong residential cash flow.

Property Features
  • Parking
    • Paved
    • Leased
    • Assigned
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: NextGen Realty, Inc. - 617-208-2100
Presented by: Zachary Conley
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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