1792 Pleasant StFall River, MA 02723

Property Details for 1792 Pleasant St

Year built

1900

Lot size

0.14 AC

Property size (Sq ft)

6,119 SF

Zone code

B

Property type

Office properties

Property subtype

Office buildings

APN

FALL M:0J-16 B:0000 L:0072

APU

FALLM0J16B0000L0072

Description

This exceptional mixed-use property at 1792 Pleasant Street in Fall River, Massachusetts, presents a remarkable investment opportunity. Completely renovated, this seven-unit building boasts three residential units and four commercial units, all strategically located for optimal accessibility. The residential units comprise one three-bedroom unit and two two-bedroom units, all currently rented and generating consistent income. Each of the four commercial storefront units includes a convenient half-bath. Significant improvements have been made throughout the property, including a new rubber roof, updated plumbing and heating systems, brand new kitchens and bathrooms in the residential units, and a fresh exterior featuring new stucco and vinyl siding. New windows throughout enhance energy efficiency and curb appeal. Residents enjoy a newly constructed deck overlooking the yard, providing a pleasant outdoor living space. The property's electrical system has been completely modernized, with seven separate meters for electricity and gas, ensuring efficient utility management. Additional amenities include dedicated storage units and a laundry room for residential tenants equipped with coin-operated washers and dryers. Situated on a 0.14-acre lot in Bristol County, this turnkey property is conveniently located near major highways and local amenities, making it an ideal investment for immediate returns and long-term growth. The asking price is $850,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,011,654

  6.5%

  $933,834

  7%

  $867,132

• Comparable approach

  Method

  Valuation

  Relative Method

  $799,509

  Geo Method

  $799,509

• Alternative Use

  Use

  Valuation

  Residential

  $1,157,954

  Hospitality

  $1,060,680

  Educational

  $882,473

  Medical

  $912,823

  Retail

  $1,372,736

Location Insight

City

Fall River

County

Bristol

State

Massachusetts

Latitude

41.6869

Longitude

-71.1293

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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