See Home Value
Fall River 02720
159 Cherry St
$1,025,000
● Multifamily - Off Market

159 Cherry St

Fall River, MA 02720
bedrooms
6 Beds
bathrooms
8 Baths, 2 Half Baths
square feet
6,720 Ft²
$5,981
Est. Monthly
3.48%
Cap Rate

About This Property

Solid income producing 7-unit mixed use building in prime location!This large and meticulously renovated property boasts 6 spacious 1-bedroom apartments, a high-visibility corner storefront, and a 2-car garage making additional income. Enjoy stunning Braga Bridge and Battleship Cove views from some units. Recent upgrades include new kitchens, bathrooms, roof, vinyl floors throughout, carpet wall to drywall, windows, lead certificates, sewer line, and more. All units have forced hot air heating. A completely renovated unit is vacant, offering flexibility, while others house high-quality tenants providing steady income with potential for market rate increases. Store rent is $2200 with a 5yr auto escalation lease.Bonus! A brand new commuter rail station with imminent Boston access is a 15-minute walk. Plus, the revitalized Taunton Riverfront with exciting development is just steps away.Opposite a brand new condo development this area offers strong appreciation in the near future
Unit Size
6,720 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$153
Property Type
Multifamily
Property Taxes
$948
HOA Dues
-
Year Built
1875

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Last updated: 3 years ago (MLSPIN #73259991)

Price History

Date / Event Date Event Price
Sep 30, 2024 Sold
Sold
Jul 26, 2024 In contract -
In contract
Jul 18, 2024 Price Decreased $1,025,000
↓ $25K (2.4%)
Price Decreased
Jul 3, 2024 Listed by www.HomeZu.com $1,050,000
Listed by www.HomeZu.com
Mar 17, 2020 Sold
Sold
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Property Highlights

Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street, Paved
Garage Spaces: 2
Interior Details
Half Bathrooms: 2
Full Bathrooms: 6
Flooring Type: Vinyl
Rooms: 18
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 5-9 Family
Stories (Total): 9
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Brick, Stone
Lead Paint: Certified Treated
Lot Features: Corner Lot
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Zoning: B
Parcel Number: 2833399
Water Source: Public
Financial Details
Tax Assessed Value: $748,700
Tax Annual Amount: $11,373
Utilities Details
Utilities: for Gas Range
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Park, Walk/Jog Trails, Laundromat, Marina, T-Station

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20240703
07/03/2024
6 Bed
8 Bath
6720 ft²
$1,050,000
bedrooms
6 Bed
bathrooms
8 Bath
square feet
6720 ft²
$1,025,000 -2.38%
09/30/2024
Jason Saphire
HomeZu.com of Florida
20191029
10/29/2019
6 Bed
9 Bath
6720 ft²
$525,000
bedrooms
6 Bed
bathrooms
9 Bath
square feet
6720 ft²
$505,000 -3.81%
03/17/2020
Rita Goodrow
Circle 100 Real Estate Brokerage LLC
20051027
10/27/2005
Loft
-
4000 ft²
$495,000
bedrooms
Loft
bathrooms
-
square feet
4000 ft²
$480,000 -3.03%
01/17/2006
Daniel Quintal

Building Info

159 Cherry Street 159 Cherry Street, Fall River, MA 02720
More about this Building
159 Cherry Street
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