$512,000
●
Multifamily -
Off Market
32 Lenox St
Fall River, MA 02721
8 Beds
3 Baths
2,945 Ft²
$486,477
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model
About This Property
Step right into a Fall River investment opportunity! 3 spacious and
meticulously maintained units with excellent rental incomes in
place. This well-cared for home makes for a smooth transition into
your very own investment. All the details in each unit have been
covered from new flooring, paint, appliances, even exterior
maintenance has been up-kept and prepared for you! Nothing to do
but collect rent! Each unit is responsible for its own utilities
with separate meters for gas and electric. House meter is in place.
A nice manicured, generous-sized, fenced in yard makes for a little
private get away in the city. New roof, windows, electrical and
heating 2010. Hot water tanks new 2019 and 2022. Updated flooring
throughout. Each unit has locked storage/laundry room. All
appliances included. Don't let this one get away! **LEASE INFO
ATTACHED TO LISTING**
Unit Size
2,945 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$163
Property Type
Multifamily
Property Taxes
$265
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: 5 years ago (MLSPIN #72955750)
Price History
Property Highlights
Interior Details
Full Bathrooms: 3
Appliances: Gas Water Heater, Electric Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
Flooring Type: Tile, Vinyl, Varies Per Unit, Laminate, Hardwood
Rooms: 17
Basement: Full
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 3 Family
Stories (Total): 6
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Unknown
Lot Features: Level
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Zoning: A-3
Parcel Number: M:0F26 B:0000 L:0006, 2825328
Water Source: Public
Financial Details
Tax Assessed Value: $230,200
Tax Annual Amount: $3,184
Utilities Details
Utilities: for Gas Range, for Electric Range, for Electric Dryer, Varies per Unit
Heating Type: Unit 1(Forced Air), Unit 2(Space Heater), Unit 3(Space Heater)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, 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 |
|---|---|---|---|---|---|---|---|
|
03/22/2022
| |
8 Bed
|
3 Bath
|
2945 ft²
|
$479,900
8 Bed
3 Bath
2945 ft²
|
$512,000
+6.69%
04/29/2022
|
Lauren Tansey
JT Realty Group LLC
|
|
08/04/2009
| |
6 Bed
|
3 Bath
|
2942 ft²
|
$95,500
6 Bed
3 Bath
2942 ft²
|
$106,000
+10.99%
12/09/2009
|
Charles E. Roberts
|
Building Info
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Address: 335 Madison Avenue, New York, NY 10017