Prime Investment Opportunity Income-Producing Property in Rapidly Growing City. This is a seasoned investors dream.Turnkey asset ideal for investors, REITs, or 1031 exchange.Add this beauty to your portfolio, it most certainly will not disappoint!Strategic location near transit, downtown, and areas greatest landmarks. This building is immaculate!Property offers curb appeal, parking and boasts modern and tastefully remodeled units.Recently painted dormers.Newer sprinkler system and roof.Blow-in in attic insulation(2020) Newer water heaters, windows. Clean and bright laundry room with 2 coin op washers and 2 coin op dryers making this building attractive to the everyday tenant looking for convenience.Two Additional units in lower level adding to rental income. High occupancy rates with established tenants some long term tenants and all tenants are current. Buildings annual gross is a little over 140k with potential to be increased. Full financials, rent roll and showings available.
Multi-familyProperty Type
1900Year Built
4,970 sq ftLot Size
$145Price/Sq.Ft.
4 spacesParking
Listed by Yvonne Pina• Pina & Savage Realty Inc.
Bought with Sophie Shea• Coldwell Banker Realty - Boston
6 units with newly installed sprinkler system and new roof. Fully rented with excellent rents.Rents $1000,$850, $850, $850,$850, $890 with heat included in 2 3rd floor units. Some off-street parking. Maintenance free exterior, coin- op laundry making on average $375 monthly additional income, additional 2 0ne bedroom units in lower level, needs second means of egress, and a varience to be a legal 8 units.
Year
Property tax
Land + Additions
Assessment*
2023
$7,558 (+15.1%)
$80,100 + $535,900
$616,000
2022
$6,566 (+10.6%)
$76,300 + $444,000
$520,300
2021
$5,939 (+17.6%)
$73,000 + $356,400
$429,400
2020
$5,049 (+9.1%)
$70,600 + $278,800
$349,400
2019
$4,629 (+5.8%)
$70,600 + $246,900
$317,500
2018
$4,374 (+15.8%)
$74,800 + $224,400
$299,200
2017
$3,777 (−0.3%)
$74,800 + $195,000
$269,800
2016
$3,789 (+5.5%)
$91,500 + $186,500
$278,000
2015
$3,590 (−4.6%)
$88,000 + $186,500
$274,500
2014
$3,763 (+4.0%)
$97,700 + $201,400
$299,100
2013
$3,618 (+9.0%)
$99,800 + $203,500
$303,300
2012
$3,319 (+7.3%)
$98,800 + $203,500
$302,300
2011
$3,093 (−11.4%)
$98,800 + $203,500
$302,300
2010
$3,492 (+3.8%)
$106,200 + $280,100
$386,300
2009
$3,363
$109,000 + $308,300
$417,300
Tax history for 186 John St
Year
Property tax
Land + Additions
Assessment*
2023
$7,558 (+15.1%)
$80,100 + $535,900
$616,000
2022
$6,566 (+10.6%)
$76,300 + $444,000
$520,300
2021
$5,939 (+17.6%)
$73,000 + $356,400
$429,400
2020
$5,049 (+9.1%)
$70,600 + $278,800
$349,400
2019
$4,629 (+5.8%)
$70,600 + $246,900
$317,500
2018
$4,374 (+15.8%)
$74,800 + $224,400
$299,200
2017
$3,777 (−0.3%)
$74,800 + $195,000
$269,800
2016
$3,789 (+5.5%)
$91,500 + $186,500
$278,000
2015
$3,590 (−4.6%)
$88,000 + $186,500
$274,500
2014
$3,763 (+4.0%)
$97,700 + $201,400
$299,100
2013
$3,618 (+9.0%)
$99,800 + $203,500
$303,300
2012
$3,319 (+7.3%)
$98,800 + $203,500
$302,300
2011
$3,093 (−11.4%)
$98,800 + $203,500
$302,300
2010
$3,492 (+3.8%)
$106,200 + $280,100
$386,300
2009
$3,363
$109,000 + $308,300
$417,300
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
Public facts
Beds: 12
Baths: 8.0
Sq. Ft.: 6,207
Stories: 3.0
Lot Size: 4,792 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1900
Year Renovated: —
County: Bristol County
APN: 2828454
Home facts updated by county records on Jul 19, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Henry Lord Community School
Public K-8 • Assigned • 1.7mi
4/10
B M C Durfee High School
Public 9-12 • Assigned • 1.9mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Fall River, MA • 02721
Average low and high temperatures (°F)
35
23
37
24
49
34
58
43
67
53
79
63
82
68
79
62
74
59
64
50
54
40
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
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Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4.5 hours in December, placing it below the
U.S. average for solar exposure.