62 Morton St, Fall River, MA 02720
- $1,379,000
- 17
- BD
- 8
- BA
- 5,570
- SqFt
- List Price
- $1,379,000
- Status
- NEW
- MLS#
- 73595734
- Bedrooms
- 17
- Bathrooms
- 8
- Full Baths
- 8
- Living Area
- 5,570
- Lot Size (Acres)
- 0.17
- Year Built
- 1900
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!
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Additional Information
- Taxes
- $12,175
- Lot Description
- Cleared, Level
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Adam Stivaletta from Listing Office: The Agency Boston.
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