Solid income producing 7-unit mixed use building in prime location!This large and meticulously renovated property boasts 6 spacious 1-bedroom apartments, a high-visibility corner storefront, and a 2-car garage making additional income. Enjoy stunning Braga Bridge and Battleship Cove views from some units. Recent upgrades include new kitchens, bathrooms, roof, vinyl floors throughout, carpet wall to drywall, windows, lead certificates, sewer line, and more. All units have forced hot air heating. A completely renovated unit is vacant, offering flexibility, while others house high-quality tenants providing steady income with potential for market rate increases. Store rent is $2200 with a 5yr auto escalation lease.Bonus! A brand new commuter rail station with imminent Boston access is a 15-minute walk. Plus, the revitalized Taunton Riverfront with exciting development is just steps away.Opposite a brand new condo development this area offers strong appreciation in the near future
Sold for $1,025,000
$1,025,000
159 Cherry St, Fall River, MA 02720
6beds
6,720sqft
5-9 Family
Built in 1875
-- sqft lot
$-- Zestimate®
$153/sqft
$1,556 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,556/mo
Zestimate® history
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$1,556/mo
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$6,337/mo
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: October 01, 2024 at 03:05pm
Listed by:
Jason Saphire 877-249-5478,
www.HomeZu.com 877-249-5478
Bought with:
Austin Robichaud
Fortified Realty Group
Source: MLS PIN,MLS#: 73259991
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 8
- Full bathrooms: 6
- 1/2 bathrooms: 2
Features
- Flooring: Vinyl
- Windows: Insulated Windows
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 6,720
- Total interior livable area: 6,720 sqft
Property
Parking
- Total spaces: 6
- Parking features: Paved Drive, Off Street, Paved
- Garage spaces: 2
- Uncovered spaces: 4
Features
- Has view: Yes
- View description: Scenic View(s), Water, River
- Has water view: Yes
- Water view: River,Water
- Waterfront features: Waterfront, River
Lot
- Size: 5,410 sqft
- Features: Corner Lot
Details
- Parcel number: 2833399
- Zoning: B
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Brick, Stone
- Foundation: Stone, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1875
Utilities & green energy
- Electric: 110 Volts, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & neighborhood
Community
- Community features: Public Transportation, Park, Walk/Jog Trails, Laundromat, Marina, T-Station
Location
- Region: Fall River
HOA & financial
Other financial information
- Total actual rent: 10300
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2024 | Sold | $1,025,000$153/sqft |
Source: MLS PIN #73259991 Report a problem | ||
| 7/26/2024 | Contingent | $1,025,000$153/sqft |
Source: MLS PIN #73259991 Report a problem | ||
| 7/18/2024 | Price change | $1,025,000-2.4%$153/sqft |
Source: MLS PIN #73259991 Report a problem | ||
| 7/3/2024 | Listed for sale | $1,050,000+107.9%$156/sqft |
Source: MLS PIN #73259991 Report a problem | ||
| 9/17/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,613 | $940,600 +25.5% |
| 2024 | $8,613 +25.2% | $749,600 +18.2% |
| 2023 | $6,879 | $634,100 +16.3% |
Find assessor info on the county website
Neighborhood: Lower Highlands
Nearby schools
GreatSchools rating
- 8/10Stone Day SchoolGrades: 1-12Distance: 0.3 mi
- 3/10Morton Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10B M C Durfee High SchoolGrades: 9-12Distance: 1.4 mi
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