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$ 1,379,000
Est. payment /mo
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62 Morton St Fall River, MA 02720
17 Beds
8 Baths
5,570 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,570 sqft
Price per Sqft $247
MLS Listing ID 73595734
Bedrooms 17
Full Baths 8
Year Built 1900
Annual Tax Amount $12,175
Tax Year 2026
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type 5-9 Family
Property Description
8-UNIT CASH COW WITH STRONG INCOME & UPSIDE POTENTIAL! Excellent investment opportunity in Fall River featuring 8 well-maintained residential units with a proven rental history, stable income, and long-term tenants! The building consists of five 2-bedroom apartments, two 3-bedroom apartments, and one 1-bedroom apartment, offering a desirable unit mix totaling 17 bedrooms. All units have separately metered electric and individual heating systems, with tenants responsible for their own utilities. Off-street parking accommodates approximately 6–8 vehicles. New Roof approx. 2019. Currently generating $146,940 in annual gross rental income with approximately $116,572 in net income! Many tenants have not received rent increases since 2024 presenting an opportunity for future income growth. Most units are occupied by tenants at will providing additional flexibility for the next owner. 62 Morton st is a well-maintained, income-producing asset with established tenancy and excellent investment potential! Group showings begin this weekend. Call to schedule!
Location
State MA
County Bristol
Zoning G
Direction GPS
Rooms
Basement Full, Unfinished
Interior
Appliance Washer, Dryer
Exterior
Fence Fenced/Enclosed
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, Public School
Total Parking Spaces 8
Garage No
Building
Lot Description Cleared, Level
Story 5
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by The Agency Boston