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Off market
  • $937,500

    63 Peckham St, Fall River, MA 02724

    15beds
    6,120sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $937,500 Zestimate®
    $153/sqft
    $-- HOA

    What's special

    The property is approximately 8619 square feet on .16 acres of land and is comprised 12 apartments including three two-bedrooms, three one-bedrooms and six studios. The apartments feature spacious layouts, carpet and hardwood floors, ample storage and outdoor space. Tenants are responsible for all utilities except the studios which is included in the rent. Current ownership has upgraded the apartments which have been well received based on the property's strong rental history and minimal vacancy. Buyers have the ability to acquire a multifamily asset with double digit returns in a market that is comprised of 60%+ renters. The new owner will have the ability to capitalize on the upside potential through raising the current below market rents resulting in over a 12% cap rate and 20%+ return on investment!

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 15
    • Bathrooms: 12
    • Full bathrooms: 12
    Interior area
    • Total interior livable area: 6,120 sqft

    Property

    Lot
    • Size: 6,969 sqft
    Details
    • Parcel number: 2826531

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1900

    Community & neighborhood

    Location
    • Region: Fall River

    Other

    Other facts
    • Basement Feature: Full
    • Foundation: Poured Concrete, Fieldstone
    • Beachfront Flag: Yes
    • Apod Available: Yes
    • Lot Description: Additional Land Avail.
    • Mf Type: 5+ Family - 5+ Units Up/Down
    Services availability
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    An equal housing lender. NMLS #10287.