Seller's Agent in 2023
Jon Taylor
J. Vallee Realty
(774) 322-1868
379-385 Columbia St Fall River, MA 02721
Sandy Beach Neighborhood
10
Beds
11
Baths
9,849
Sq Ft
6,987
Sq Ft Lot
Highlights
- Marina
- Property is near public transit
- Corner Lot
- Medical Services
- Wood Flooring
- Tennis Courts
About This Home
As of October 2023Imagine the rental income from this investment property paying for itself. As an investor or private investment, this mixed-use building with 6 units in a prime area is a rare find. Nestled near public transit and easy highway access within minutes to Rhode Islands or less than an hour from the Cape or Boston for convenience, the scenic water views create a peaceful oasis for tenants.The owner will consider financing to qualified buyers who can contribute 25% down payment and meet the criteria to be financed by a lending instruction. They are open to creative financing options to make this work. This well-maintained cash flowing property has below market rate rents with room to moderately increase over time.Easy access to all local major highway access. Imagine only a text, email away ..... serious inquiries from buyers who see the potential of
Last Listed By
Jon Taylor
J. Vallee Realty Listed on: 07/24/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,293
Year Built
- Built in 1900
Lot Details
- 6,987 Sq Ft Lot
- Corner Lot
Home Design
- Brick Exterior Construction
- Brick Foundation
- Frame Construction
- Shingle Roof
- Block Exterior
- Concrete Perimeter Foundation
- Stone
Interior Spaces
- 9,849 Sq Ft Home
- Wood Flooring
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 10 Bedrooms
Parking
- 9 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Outdoor Features
- Enclosed patio or porch
Location
- Property is near public transit
- Property is near schools
Schools
- John J. Doran Elementary School
- Kuss Middle School
- Diman / Durfee High School
Utilities
- 6 Heating Zones
- Heating Available
- 200+ Amp Service
Listing and Financial Details
- Total Actual Rent $7,840
- Rent includes unit 1(heat), unit 2(heat), unit 3(heat), unit 4(heat)
- Tax Lot 0014
- Assessor Parcel Number I070014,2827855
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Tennis Courts
- Park
Building Details
- Net Operating Income $59,760
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 20, 2015
Sold by
Carvalho Family Lp
Bought by
Csa Properties Llc
Total Days on Market
30
Purchase Details
Closed on
Jun 3, 2011
Sold by
Carvalho Ft
Bought by
Mss 2 Realty Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.85%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Csa Properties Llc | $307,500 | -- | |
| Csa Properties Llc | $307,500 | -- | |
| Csa Properties Llc | $307,500 | -- | |
| Mss 2 Realty Llc | $500,000 | -- | |
| Mss 2 Realty Llc | $500,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Luxus Property Llc | $942,500 | |
| Closed | Luxus Property Llc | $942,500 | |
| Closed | Csa Properties Llc | $75,000 | |
| Previous Owner | Mss 2 Realty Llc | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2023 10/31/23 | Sold | $1,250,000 | +4.2% | $127 / Sq Ft |
| 08/24/2023 08/24/23 | Pending | -- | -- | -- |
| 08/10/2023 08/10/23 | For Sale | $1,200,000 | 0.0% | $122 / Sq Ft |
| 07/26/2023 07/26/23 | Pending | -- | -- | -- |
| 07/24/2023 07/24/23 | For Sale | $1,200,000 | -- | $122 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,645 | $1,164,100 | $121,300 | $1,042,800 |
| 2024 | $8,645 | $752,400 | $115,500 | $636,900 |
| 2023 | $0 | $646,700 | $104,900 | $541,800 |
| 2022 | $6,946 | $550,400 | $104,900 | $445,500 |
| 2021 | $0 | $572,300 | $103,400 | $468,900 |
| 2020 | $9,008 | $468,900 | $108,200 | $360,700 |
| 2019 | $6,239 | $424,200 | $108,200 | $316,000 |
| 2018 | $0 | $324,500 | $108,200 | $216,300 |
| 2017 | -- | $324,500 | $108,200 | $216,300 |
| 2016 | -- | $314,600 | $108,200 | $206,400 |
| 2015 | -- | $440,200 | $102,100 | $338,100 |
| 2014 | -- | $440,200 | $102,100 | $338,100 |
Source: Public Records
Agents Affiliated with this Home
-
-
Mateus Silva
M
Buyer's Agent in 2023
Mateus Silva
RE/MAX
(508) 677-3233
1 in this area
12 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73139783
APN: FALL-000007I-000000-000014
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