1240-1246 N Main St, Fall River, MA 02720

Property Description

1240-1246 N Main Street consists of a three-story building, containing fifteen (15), 2-Bedroom/1 Bathroom residential units with 11,423 square feet of living area in 15,983 square feet of total gross area on a 0.16-acre corner parcel. The well-maintained Property features a new roof and offers upside potential as current occupants are tenants-at-will and in-place rents are below market rates for comparable units in the area. Each unit is separately metered for electric, gas fired heat and gas fired hot water, which the tenants pay directly. Landlord is responsible for common area electric and domestic water and sewer. The Property is well-located on the corner of Hood Street and N Main Street in Fall River’s north end, along the municipal bus-line with a stop in front of the Property, and benefits from its proximity to the Fall River Depot (the new MBTA Train Station with direct service to Boston), 0.4-miles away.