Active

176 Days on market

1153 1157 Slade Fall River — Photo 1 of 42

Recent Drop: $100,000

$1,400,000

$1,300,000

Investment Analysis — 1153 1157 Slade

Fall River, MA 02721

Based on rent reported on the MLS listing, a 6-unit multi-family in 02721 carries $8,100/mo in gross rent — about a 4.91% cap rate and $63,789/yr in estimated NOI at the $1,300,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

6,882

Style

5-9 Family

Built

1900

WOW 6 family property completely renovated in 2013 (including plumbing, heating, electrical roof, etc). 2-3 bedrooms in 3 of the units and 1-2 in the remaining 3 units. All units have separate heating systems. (3 are 5 years old, 1 is 13 years old). Each units electrical is separately metered with 100 AMP breakers in each apartment. Property equipped with a full sprinkler system (sprinklers in every room), smoke detectors with alarm panel ringing straight to the fire dept, in addition to heat sensors in every apt. Each unit has its own separate storage area in the basement along with 6 laundry hookups. Four off street parking spots, cute little backyard. This property is ideal for investors and is turn key. All tenants are tenants at will.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.