$250,000
●
Multifamily -
Off Market
578/580 Second Street
Fall River, MA 02721
5 Beds
2 Baths
2,545 Ft²
$443,936
RealtyHop Estimate
70.81%
Since May 1, 2007
National-US
Primary Model
About This Property
Well-maintained 2-family featuring off street parking, 2 open large
and beautifully bright units, 2-car garag and a brand new roof
installed Nov 2006! Vinyl siding, replacement windows, 3 beds on
1st floor, hardwood flooring & large basement w/ high clearance. 2
Beds on 2nd floor, 3rd floor even includes additional unit-perfect
for expansion! All seperate utilities! Each unit over 1100 sq ft.
Back yard fenced in for privacy. A great home priced right! Perfect
for owner occupied.
Unit Size
2,545 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$102
Property Type
Multifamily
Property Taxes
$247
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 #70519120)
Price History
Property Highlights
Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Unit 1(Ceiling Fans, Storage), Unit 2(Ceiling Fans), Unit 1 Rooms(Living Room, Dining Room, Kitchen, Family Room), Unit 2 Rooms(Living Room, Dining Room, Kitchen, Family Room)
Appliances: Unit 1(Range, Refrigerator), Unit 2(Range), Oil Water Heater
Flooring Type: Wood, Tile, Vinyl, Carpet
Laundry Features: Laundry Room
Rooms: 15
Basement: Full, Interior Entry
Exterior Details
Security Features: Unit 1 Security System, Unit 2 Security System
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame, Brick, Stone
Patio and Porch Features: Porch, Covered
Lead Paint: Unknown
Lot Size Area: 0.08
Lot Size Units: Acres
Lot Size Acres: 0.08
Zoning: MULTI
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $303,900
Tax Annual Amount: $2,969
Utilities Details
Cooling Type: Unit 1(None), Unit 2(None)
Heating Type: Unit 1(Hot Water Radiators, Steam, Oil), Unit 2(Hot Water Radiators, Steam, Oil)
Location Details
Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Sidewalks
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 |
|---|---|---|---|---|---|---|---|
|
01/31/2007
| |
5 Bed
|
2 Bath
|
2545 ft²
|
$259,900
5 Bed
2 Bath
2545 ft²
|
$250,000
-3.81%
04/30/2007
|
Gary R. Mello
|
|
01/14/2001
| |
Loft
|
-
|
-
|
$139,900
Loft
-
|
$133,500
-4.57%
05/30/2001
|
Christopher Migneault
Migneault REALTORS®
|
Building Info
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