$500,000
●
Multifamily -
Off Market
88 Grant St
Fall River, MA 02721
14 Beds
7 Baths,
1
Half Bath
8,103 Ft²
$800,643
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model
About This Property
Former St. Annes school! One of the largest 6 families I've ever
listed! Gorgeous Owners Unit was just completed. Granite, new
hardwood, tile, stainless appliances, and more! Remainder of units
are quite large with high ceilings and lots of character. Below
market rents are due to family that has resided in this property
for 50+ years. Large lot is 12,000+ sf. and has a driveway. There
is also a storefront which hasn't been utilized for years. 4 units
have baseboard, 2 units have space heat. 15 year old roof and a 3
year old rubber roof on the front overhang. This property has huge
potential for massive cashflow moving forward! Tons of curb appeal
and gorgeous water views!
Unit Size
8,103 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$68
Property Type
Multifamily
Property Taxes
$415
HOA Dues
-
Year Built
1900
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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 #72585141)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 31, 2020 | Sold | ||
| Sold | |||
| Oct 25, 2019 | Listed by Affordable Real Estate, Inc. | $549,500 | |
| Listed by Affordable Real Estate, Inc. | |||
Property Highlights
Parking Available
Parking Details
Parking Features: Paved Drive, Off Street, Driveway
Interior Details
Half Bathrooms: 1
Full Bathrooms: 6
Appliances: Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
Flooring Type: Wood, Tile, Vinyl
Laundry Features: Washer Hookup
Rooms: 23
Has Fireplace
Fireplaces: 1
Basement: Full, Concrete
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 5-9 Family
Stories (Total): 9
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Size Area: 0.28
Lot Size Units: Acres
Lot Size Acres: 0.28
Zoning: A-2
Parcel Number: M:0I07 B:0000 L:0082, 2827921
Water Source: Public
Financial Details
Tax Map Number: 0I-07
Tax Assessed Value: $341,400
Tax Annual Amount: $4,978
Utilities Details
Utilities: for Gas Range, for Electric Dryer, Washer Hookup
Heating Type: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas), Unit 4(Gas, Space Heater)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, 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 |
|---|---|---|---|---|---|---|---|
|
10/25/2019
| |
14 Bed
|
7 Bath
|
8103 ft²
|
$549,500
14 Bed
7 Bath
8103 ft²
|
$500,000
-9.01%
01/31/2020
|
Danielle Soares
Affordable Real Estate, Inc.
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017