$450,000
●
Multifamily -
Off Market
225 Baker St
Fall River, MA 02721
12 Beds
6 Baths
5,322 Ft²
$674,330
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model
About This Property
Fall River- Located on a large corner lot is this nicely maintained
6 family. Nicely sized units with 2 bedrooms and 1 bath each
apartment. The apartments have been nicely maintained. This home
sits on a 12646 Sf lot with a 4 car garage. Two of the garages the
owners keep for storage and the other two are rented by a tenant
for $10 a week. Roof is from 2012, Aluminum sided. Separate
Utilities. One unit is vacant currently. This property could be a
cash cow.
Unit Size
5,322 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$86
Property Type
Multifamily
Property Taxes
$313
HOA Dues
-
Year Built
1900
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 years ago (MLSPIN #72494370)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 23, 2019 | Sold | ||
| Sold | |||
| May 4, 2019 | Listed by Amaral & Associates RE | $459,900 | |
| Listed by Amaral & Associates RE | |||
Property Highlights
Parking Available
Parking Details
Has Garage
Parking Features: Off Street, On Street, Other
Garage Spaces: 4
Interior Details
Full Bathrooms: 6
Interior Features: Other (See Remarks), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Living Room, Dining Room, Kitchen), Unit 4 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Dryer
Flooring Type: Wood, Tile, Vinyl, Varies Per Unit, Hardwood
Rooms: 27
Basement: Full
Exterior Details
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: 5-9 Family
Stories (Total): 9
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: Unknown
Lot Features: Corner Lot, Gentle Sloping
Lot Size Area: 0.29
Lot Size Units: Acres
Lot Size Acres: 0.29
Zoning: R-4
Parcel Number: M:0F13 B:0000 L:0069, 2824567
Water Source: Public
Financial Details
Tax Map Number: F 13
Tax Assessed Value: $257,500
Tax Annual Amount: $3,754
Utilities Details
Utilities: for Gas Range, for Gas Dryer
Cooling Type: Unit 1(None)
Heating Type: Unit 1(Hot Water Baseboard), Unit 2(Hot Water Baseboard, Gas), Unit 3(Hot Water Baseboard, Gas), Unit 4(Hot Water Baseboard, Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Highway Access, House of Worship
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/04/2019
| |
12 Bed
|
6 Bath
|
5322 ft²
|
$459,900
12 Bed
6 Bath
5322 ft²
|
$450,000
-2.15%
08/23/2019
|
Christopher Migneault
Migneault REALTORS®
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017