MLS® ID: 72513419
181 Nashua St
Fall River, Massachusetts, 02721 $440,000
NOI is $36,312 and Cap Rate is 8.25%. The rental market is tight and vacancies fill quickly for a premium. At $73,333 a unit, this 6-unit building is being offered for an investor looking to add a cash flowing and well managed property to their portfolio. Current ownership purchased the property, stabilized and repaired it and brought in a top management team to manage the day to day operations. Current management company has over 400 units under management and is willing to continue working with the new owners to ensure a seamless transition. This represents an opportunity for a passive investor to purchase income producing property and remain “hands off.” Fall River has several economic factors to continue to support the current income (and future growth) at this property. Sale includes 6 Fridges/6 Stoves/6 Water Heaters. Contract with vendor for coin-op laundry for added income. See attached report for further complete breakdown of property.