$550,000
●
Multifamily -
Off Market
261 Ridge Street
Fall River, MA 02721
6 Beds
4 Baths,
1
Half Bath
3,682 Ft²
$534,147
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
This beauty checks all the boxes for proud new homeowner or
investor. outstanding polished granite retaining wall, front steps
& landing. Immaculate, well maintained family occupied for decades,
spacious (1,200+sf per unit) 3 family offers double parlor,
formal dining, stunning tiled bathrooms, king-size bedrooms,
hardwood floors, newer roof and windows, off street parking, corner
lot. All remodeled units plus finished walk out basement with
family room, kitchen & half bath. Elegant front entry with
sweeping staircase. 1st floor easily converted from 2 to 3
bedrooms. 2nd floor has granite counters, glass front
cabinets,French doors leading to primary bedroom.
Contemporary 3rd floor features open plan and will be vacant
at passing of title. Most appliances staying. Furniture
is negotiable. Low maintenance, partially fenced yard.
Don't miss out! Hot water heaters are rentals.OFFER
DEADLINE 5PM MONDAY. SELLER RESERVES RIGHT TO ACCEPT OFFER PRIOR TO
DEADLINE.
Unit Size
3,682 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$143
Property Type
Multifamily
Property Taxes
$334
HOA Dues
-
Year Built
1900
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Cap Rate Calculator
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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: 4 years ago (MLSPIN #73062777)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 12, 2023 | Sold | ||
| Sold | |||
| Dec 17, 2022 | In contract | - | |
| In contract | |||
| Dec 3, 2022 | Listed by Goodrow Realty Group | $525,000 | |
| Listed by Goodrow Realty Group | |||
Property Highlights
Parking Available
Parking Details
Parking Features: Off Street
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Unit 1(Square, Bathroom With Tub & Shower), Unit 2(Square, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower), Unit 3(Ceiling Fans, Square, Bathroom With Tub & Shower, Open Floor Plan), Unit 1 Rooms(Living Room, Dining Room, Kitchen, Other (See Remarks)), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen, Office/Den)
Appliances: Range, Dishwasher, Microwave, Refrigerator, Unit 1(Range, Refrigerator), Unit 2(Range, Microwave), Unit 3(Range, Refrigerator), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Dryer
Flooring Type: Wood, Tile, Unit 1(undefined), Unit 2(Tile Floor, Wood Flooring, Stone/Ceramic Tile Floor), Unit 3(Tile Floor, Hardwood Floors)
Laundry Features: Laundry Room, Washer Hookup, Dryer Hookup
Rooms: 18
Basement: Full, Partially Finished, Walk-Out Access, Interior Entry
Exterior Details
Property Condition: Unit 1 Remodeled, Unit 2 Remodeled, Unit 3 Remodeled
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 3 Family
Stories (Total): 6
Building Area Units: Square Feet
Window Features: Insulated Windows, Storm Window(s)
Construction Materials: Frame
Lead Paint: Unknown
Lot Features: Corner Lot
Lot Size Area: 0.08
Lot Size Units: Acres
Lot Size Acres: 0.08
Zoning: A-3
Parcel Number: 2825961
Water Source: Public
Financial Details
Tax Assessed Value: $317,700
Tax Annual Amount: $4,009
Utilities Details
Utilities: for Gas Range, for Gas Dryer
Cooling Type: Unit 3(None)
Heating Type: Unit 1(Central Heat, Hot Water Baseboard, Gas, Individual), Unit 2(Central Heat, Hot Water Baseboard, Gas, Individual), Unit 3(Gas, Space Heater)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Medical Facility, House of Worship, Private School, Public School
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 |
|---|---|---|---|---|---|---|---|
|
12/03/2022
| |
6 Bed
|
3 Bath
|
3682 ft²
|
$525,000
6 Bed
3 Bath
3682 ft²
|
$550,000
+4.76%
04/12/2023
|
Rita M Goodrow
Goodrow Realty Group
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017