For Sale
$675,000

289 Bank StFall River, MA 02720

Eight-unit apartment building, prime location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional eight-unit apartment building at 289 Bank Street in Fall River, Massachusetts, presents a compelling investment opportunity. Boasting 4,829 square feet, this mixed-use property is situated in the desirable Lower Highlands neighborhood, offering both commercial and residential potential. The building has recently undergone significant exterior renovations, including the installation of new vinyl siding, windows, roofing, attractive stonework, and striking corner columns. This substantial upgrade enhances curb appeal and significantly reduces future maintenance costs. While the interior has been partially gutted, this provides a blank canvas for a buyer to customize the finishes to their exact specifications, maximizing rental income and return on investment. The property's location within an Opportunity Zone adds further investment appeal, providing potential tax advantages. Its proximity to popular restaurants, thriving businesses, and the scenic waterfront ensures high occupancy rates and strong rental demand. This is a rare chance to acquire a well-positioned multifamily property in a rapidly developing area of Fall River, offering a blend of immediate income potential and long-term growth prospects. The property's zip code is 02720, and it's located in Bristol County.

Highlights

  • Eight-unit apartment building at 289 Bank Street, Fall River, MA (02720), Bristol County.
  • 4,829 square feet, mixed-use property in the Lower Highlands neighborhood.
  • Recently renovated exterior with new vinyl siding, windows, roof, stonework, and columns.
  • Partially gutted interior allows for complete customization.
  • Located in an Opportunity Zone, offering potential tax advantages.
  • Excellent location near restaurants, businesses, and the waterfront, ensuring high occupancy.

Property Details for 289 Bank St

Property type
Mixed-use properties, Apartment buildings
Square Feet
4,829 SF
Units
8

Location Insight

City
Fall River
County
Bristol
State
Massachusetts
Latitude
41.7022932
Longitude
-71.1524053
289 Bank St, Fall River, Massachusetts

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289 Bank St
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