$240,000
●
Multifamily -
Off Market
682 2nd Street
Fall River, MA 02721
7 Beds
4 Baths
3,583 Ft²
$386,983
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model
About This Property
Four unit multi-family property - fully occupied building.
Most rents have not been raised in quite some time with long
term tenants. Great owner occupied. First floor units have one
bedroom each. Second floor unit has 7 rooms with 3 bedrooms.
Third floor has two bedrooms. Separate utility
hook-ups. Property is in good shape. Second floor and all common
areas have been de-leaded (certificates in hand). Gas heat,
separate hot water heaters. Each unit has separate storage in the
basement. Coin-op laundry on site. Aluminum siding for easy
maintenance. 48 hours needed to show.
Unit Size
3,583 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$70
Property Type
Multifamily
Property Taxes
$224
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 #72265779)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 9, 2018 | Sold | ||
| Sold | |||
| Dec 3, 2017 | Listed by South Coast Elite Real Estate Group | $249,900 | |
| Listed by South Coast Elite Real Estate Group | |||
Property Highlights
Parking Available
Parking Details
Parking Features: Paved Drive, Off Street, Paved
Interior Details
Full Bathrooms: 4
Interior Features: Other (See Remarks)
Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Unit 4(Range, Refrigerator), Tank Water Heater
Rooms: 19
Basement: Full, Concrete
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: 4 Family
Stories (Total): 7
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: Certified Treated, Unknown
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Zoning: A-2
Parcel Number: M:0I12 B:0000 L:0006, 2828166
Water Source: Public
Financial Details
Tax Assessed Value: $191,900
Tax Annual Amount: $2,687
Utilities Details
Heating Type: Unit 1(Gas, Space Heater), Unit 2(Gas, Space Heater), Unit 3(Gas, Space Heater), Unit 4(Gas, Space Heater)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Medical Facility, Highway Access
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 |
|---|---|---|---|---|---|---|---|
|
12/03/2017
| |
7 Bed
|
4 Bath
|
3583 ft²
|
$249,900
7 Bed
4 Bath
3583 ft²
|
$240,000
-3.96%
03/09/2018
|
Diane Parker
Century 21 North East
|
|
08/18/2010
| |
7 Bed
|
4 Bath
|
3718 ft²
|
$169,900
7 Bed
4 Bath
3718 ft²
|
$154,900
-8.83%
11/22/2010
|
Christopher Migneault
Migneault REALTORS®
|
Building Info
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Address: 335 Madison Avenue, New York, NY 10017