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$425,000
● Multifamily - Off Market

644 Cherry

Fall River, MA
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,712 Ft²
$444,510
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

A very well maintained three family featuring three modern baths, vinyl siding and replacement  windows one half block from the Olmstead designed and recently refurbished Ruggles Park. Two units are vacant but ready for you to select the next tenants. There is a two stalled garage and driveway as well.Appointments will start on Saturday, November 19th at 10:00 am. Call Jack for your appointment.
Unit Size
2,712 Ft²
Days on Market
-
Land Size
-
Price per sqft
$155
Property Type
Multifamily
Property Taxes
$293
HOA Dues
-
Year Built
-

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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 #73017490)

Price History

Date / Event Date Event Price
Jan 17, 2023 Sold
Premium
Sold
Nov 21, 2022 In contract -
In contract
Nov 11, 2022 Relisted $419,900
Relisted
Jul 26, 2022 Listed by M J McNally Real Estate $419,900
Listed by M J McNally Real Estate

Property Highlights

Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street, Assigned, Paved
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
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)
Appliances: Unit 1(Range, Refrigerator), Unit 2(None), Unit 3(None), Gas Water Heater, Leased Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
Flooring Type: Wood, Vinyl
Rooms: 14
Basement: Full, Walk-Out Access
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 3 Family - 3 Units Up/Down
Stories (Total): 6
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Enclosed
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: Multi
Parcel Number: M270050, 2832855
Water Source: Public
Financial Details
Tax Map Number: M
Tax Assessed Value: $278,400
Tax Annual Amount: $3,513
Utilities Details
Utilities: for Gas Range, for Electric Range
Cooling Type: Unit 1(None)
Heating Type: Unit 1(Central Heat, Gas), Unit 2(Gas, Space Heater), Unit 3(Gas, Space Heater)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Park, Medical Facility, Laundromat, House of Worship

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 73017490
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