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172 Stewart Street Fall River

$259,900
6 3 3,704 sq ft

The Property

RARE opportunity to purchase a 2 unit (3 unit potential) in the desirable Highlands of Fall River. This property is a 4-minute drive (15-minute walk) to the MBTA South Coast Commuter Rail Fall River Depot station currently being constructed at 825 Davol Street. Each established unit features two bedrooms, a dining room, living room, kitchen, and full bath. The third level is large and has the potential to be its own 2-3 bed unit.

The garage is large with space for two vehicles and the driveway has space for another three vehicles. This property is in need of some renovation and will not qualify for all types of financing. Comparable 2-unit properties sold in Fall River indicate a potential ARV (After Repair Value) of over $425,000.00. Projected market rents after renovation range from $1,500-$2,000+ per unit (Multiplied by 3 if the third level is converted into its own unit). Buyer and Buyers’ agent to perform their own due diligence. Information deemed reliable but not guaranteed.

ALL DEPOSITS MUST BE CERTIFIED FUNDS ONLY. Please see attached offer instructions.

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Listing Details

MLS Number

1301517

Lot Size:

0.15 acres

Features

  • Basement: Full
  • Shingles
  • Wood
  • Heating: Baseboard, Forced Water
  • Heating Fuel: Gas
  • Garage: Detached
  • Type: Apartment
  • Year Built: 1921

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Listed by Revolv Real Estate

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