406 South Main Street Fall River — Photo 1 of 8
$3,000,000
Investment Analysis — 406 South Main Street
Fall River, MA 02721
Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a home in 02721 carries an estimated $1,110/mo in gross rent — about a -0.31% cap rate and $-9,294/yr in estimated NOI at the $3,000,000 list price. Adjust every assumption in the calculator below.
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Style
Other
Built
1986
A very rare opportunity and great time to invest into this single building plaza with plenty of parking offering 5 tenants including some franchise tenants. Leases are in place; Some tenants have been there for 20+ years. PERFECT 1031 exchange purchase allowing investors to defer capital gains taxes: Seller will consider "seller financing" with the right offer. The back of the building has a parcel which there has been some talk to get a special permit to build 2/3 condos or additional parking.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: Joseph Ponte
Listing Office: Ponte & Associates Real Estate
MLS® Number: 73545794
