2492 S Main St
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Feb 6, 2024 | In contract | - | |
| In contract | |||
| Dec 1, 2023 | Listed by Fortified Realty Group | $1,000,000 | |
| Listed by Fortified Realty Group | |||
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Explore a prime development opportunity at 2492 South Main St, Fall River, MA. Spanning 67,579 sq ft, this A2 zoned land, formerly a church and rectory, is ripe for residential projects like townhouses, apartments, condos, or an assisted living facility. Capable of accommodating up to 29 units without a variance, provided setback and lot coverage requirements are met. Situated on busy South Main Street in the South End, close to the Rhode Island border, it's an ideal spot for projects that blend with the urban vibe of Fall River. Leverage the location's continuous growth, amplified by Fall River's economic expansion. This property offers a chance to make a lasting impact in a vibrant area, presenting a solid investment for a landmark community development. Sale is for 2 Parcels: Parcel ID: B-23-0020(8,645 Sq Ft) & Parcel ID: B-23-0021 (8,934 Sq Ft) Total Sq Ft:67,579
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017