275 Bank StFall River, MA 02720

Property Details for 275 Bank St

Property size (Sq ft)

3,292 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a fully renovated four-unit apartment building located at 275 Bank Street in Fall River, Massachusetts, within a designated Opportunity Zone. The property boasts a total of 3,292 square feet and offers significant potential for increased revenue. Currently configured as four one-bedroom units, each unit commands monthly rental income ranging from $1,100 to $1,500, providing a steady cash flow. The building features modern updates throughout, including 98% efficient gas boilers with on-demand hot water systems, ensuring both cost-effectiveness and tenant comfort. High-quality finishes such as hardwood and ceramic flooring, stainless steel appliances, and spacious walk-in closets enhance the appeal to renters. The unique architectural detail of a circular stairwell adds character and charm. Further upside potential exists through the possible conversion to a five-unit building by adding a fire escape to the third floor, thereby increasing rental income and overall property value. This property is ideally situated in a desirable Fall River location, making it an attractive investment for both seasoned and new investors seeking strong returns in a thriving market. The property's excellent condition and prime location combine to create a compelling investment opportunity with significant potential for long-term growth. The address is 275 Bank Street, Fall River, MA 02720.

Location Insight

City

Fall River

County

Bristol

State

Massachusetts

Latitude

41.7023

Longitude

-71.1526

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