Welcome to 275 Bank Street, a fully renovated 3292 SF multi-family property in a prime Fall River location within an Opportunity Zone. Currently configured as a four-family with four one-bedroom units, this property offers steady rental income ($1,100 to $1,500/month) with potential for conversion to a five-family by adding a fire escape to the third floor. Features include 98% efficient gas boilers with on-demand hot water, hardwood and ceramic flooring, stainless steel appliances, walk-in closets, a circular stairwell, and large custom windows. Additional unfinished space on the third floor offers room to expand and increase revenue. Private lighted parking and a spacious deck add appeal. Located in the Lower Highlands, near downtown, the waterfront, and the new Fall River Train Station set to open in 2025, this property is well-positioned to benefit from the city's revitalization. Don’t miss this exceptional investment opportunity in a high-demand area. Sold As-Is.
275 Bank St, Fall River, MA, 02720
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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