635 637 Fall River Ave - Apartments FOR SALE


Seekonk, MA 02771
$1,450,000 USD
508-726-3492
635 637 Fall River Ave, Seekonk, MA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/27
null | 6% Cap Rate

635 637 Fall River Ave
Seekonk, MA 02771


OVERVIEW

Phenomenal investment opportunity on heavily trafficked Fall River Road in SeekonkDiscover the potential of this fantastic investment opportunity! Nestled on a high-visibility corner lot, this property features not one, but two buildings on a single lot, providing a diverse income stream to ensure solid returns every month. The first building houses a thriving driving school, leased for $2,400/month on a secure 3-year lease. The second building hosts a convenience store generating $2,400/month on a month-to-month basis. Both businesses are currently occupied, providing you with immediate income and stability. In addition to the commercial spaces, this property includes three residential units, each contributing to the robust monthly income. Currently leased at competitive rates, the units consist of a 1-bedroom unit at $1,350/month, a 2-bedroom unit at $1,450/month, and a spacious 3-bedroom unit at $1,600/month. There's great potential to increase rental rates, maximizing your returns. Convenience is key, and with on-site parking for 12 vehicles, your tenants and customers will appreciate the ease of access. Whether you're an experienced investor or just starting in real estate, this property offers a solid foundation for financial growth. Seize this opportunity to own a prime piece of real estate with two thriving businesses, stable residential income, and the potential for increased returns. Act now to secure your future with this high-performing investment. Schedule a viewing and witness the lucrative possibilities this property has in store for you.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

5

PRICE/UNIT

$290,000

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kyle SeybothCentury 21 The Seyboth TeamMore Info
508-726-3492

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Kyle SeybothCentury 21 The Seyboth TeamMore Info
508-726-3492

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.