Life is Good! Make money here and bet on the train. Buy and hold opportunity for a savvy investor. Don't overthink it...Keep it simple to make these units rent ready and keep your downside protection built in. Hold this property for 3 years or so and see how the train situation plays out. The train station is literally down the street, you can see it in the drone shots. So what do you do in 3 years? If the market is booming you have options...condo conversion...refresh unit 1 and make it a top end resale...cash out your equity to buy something else...logic would dictate that rents should increase this close to the train. Due to FHA 90 day rule and current property condition...this will not pass FHA. There are other programs available that make this property attractive with a low down payment. Again, don't overthink it :) keep it simple and make money.
Off market
$714,300
118 Maple St, Fall River, MA 02720
8beds
3,256sqft
MultiFamily
Built in 1900
-- sqft lot
$714,300 Zestimate®
$219/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Other, Gas
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 3,256 sqft
Property
Features
- Exterior features: Vinyl
Lot
- Size: 4,356 sqft
Details
- Parcel number: FALLM0O14B0000L0042
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Roof: Asphalt
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Fall River
Other
Other facts
- Basement Feature: Full
- Electric Feature: Circuit Breakers, 60 Amps/Less, 100 Amps
- Exterior: Vinyl
- Foundation: Fieldstone, Granite
- Hea Dscrp 1: Gas, Hot Water Baseboard
- Hea Dscrp 2: Gas, Space Heater
- Hot Water: Natural Gas, Tank
- Lot Description: Paved Drive, Scenic View(s), Level, City View(s)
- Road Type: Public
- Roof Material: Asphalt/Fiberglass Shingles
- Amenities: T-Station
- Hea Dscrp 3: Gas, Space Heater
- Mf Type: 3 Family
Services availability

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