Anne Whiting Real Estate IDX

621-631 King Philip St
Fall River, Massachusetts MA 02724-2181
Listing ID 72982701
Sold For: $1,350,000
Sold Date 8/05/2022
Closed Status
16 Bedrooms
11 Full Baths
11 Total Baths
7,600 SqFt
0.290 Acres
Invest in Fall River! With not just one, but TWO professionally managed houses on ONE lot, these are RARE - 11 UNITS. Protect your investment and keep the current management team in place. The recently renovated 621 King Philip St is a five unit building with four 1 bed/1 bath units and a 2 bed/1 bath “townhouse” style apartment. Completely updated from top to bottom, these units feel fresh and airy from every angle. On the left, 631 King Philip St is a six unit building with four 2 bed/1 bath units and two 1 bed/1 bath units inside. In the basement, tenants also have access to storage and coin-op laundry. Behind both buildings you’ll see a yard area, a 10 car parking lot, and a garage bringing $150/month (inc. in 621 3E Rent). In total, both buildings produce ~$11,525.00 from rent collection and an additional $300 or so a month from the laundry coin ops. Both roofs were replaced last year as well. Turn key and cash flowing on day 1...just collect your ROI.
County: Bristol
Property Sub Type: 5+ Family - 5+ Units Up/Down
Property Type: Residential Income
Year Built: 1900
Appliances: Gas Water Heater,Tank Water Heater,Tankless Water Heater
Basement: Full
Bathrooms Total Decimal: 11
Building Area Units: Square Feet
Laundry Features: Laundry Room
Living Area: 7600
Rooms Total: 60
Stories Total: 6
Covered Spaces: 1
Electric: Circuit Breakers, Individually Metered
Farm Land Area Units: Square Feet
Foundation Details: Stone, Granite
Garage: 1
Garage Spaces: 1
Lot Size Area: 0.29
Lot Size Square Feet: 12589
Lot Size Units: Acres
Number Of Units Total: 11
Open Parking: 1
Parking Features: Paved Drive, Off Street
Parking Total: 10
Road Frontage Type: Public
Roof: Shingle
Sewer: Public Sewer
Water Source: Public
Building Area Source: Other
Country: US
Directions: South Main to King Philip
Zoning: A-3
Certificate Number: 000000016359
Color: White
FLRS 2: 1
Lead Paint: Unknown
Levels 1: 3
Levels 2: 3
Listing Alert: No
Mls Status: Sold
FLRS 1: 1
Offline List Number: 3432326
Page: 86
SqFt Disclosures: APPROXIMATE LIVING AREA, BUYER TO VERIFY. TAX CARD IS UNCLEAR.
SqFt Includes Basement: No
Year Built Details: Approximate
Year Built Source: Public Records
Buyer Agency Compensation: 2
Compensation Based On: Net Sale Price
Current Financing: Conv Ins
Disclosure: N
Disclosures: Must Close On Or After 7/17/22.
Down Payment Resource: No
Financial Data Source: Owner
Gross Income: 138300
Lease 1: N
Lease 2: N
List Price Per SqFt: 182.89
Net Operating Income: 138300
Price Per SqFt: 177.63
Sub Agency Offered: No
Tax Annual Amount: 8264
Tax Assessed Value: 654800
Tax Book Number: 10649
Tax Year: 2022
Total Actual Rent: 11525


Contact - Listing ID 72982701

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Sara Farland

250 Elm Street
South Dartmouth, MA 02748
Phone: 508-999-1010

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