About 1155-1157 Pleasant Street
Exceptional mixed-use investment opportunity featuring four buildings and a large parking lot with abundant off-street parking. The portfolio includes a 10-unit building (2 commercial, 8 residential), a 4-unit building (1 commercial, 3 residential), a 4-family, and a 6-family, totaling 36 bedrooms comprised of one 3-bedroom, thirteen 2-bedroom units, three commercial spaces, and the remaining 1-bedrooms. Current gross income is $365,400 annually, offered at an 8.2% cap rate. Clear path to approximately 11.5% cap at market rents through modest increases, creating significant value-add upside. Commercial tenants include Metro PCS and a tattoo studio, providing stable income alongside strong residential cash flow.
Features of 1155-1157 Pleasant Street
| MLS® # | 73477347 |
|---|---|
| Price | $3,325,000 |
| Bedrooms | 36 |
| Bathrooms | 25.00 |
| Full Baths | 23 |
| Half Baths | 4 |
| Square Footage | 21,000 |
| Acres | 0.41 |
| Year Built | 1900 |
| Type | Residential Income |
| Sub-Type | 5-9 Family |
| Status | Active |
Community Information
| Address | 1155-1157 Pleasant Street |
|---|---|
| City | Fall River |
| County | Bristol |
| State | MA |
| Zip Code | 02723 |
Amenities
| Utilities | for Gas Range |
|---|---|
| Parking Spaces | 17 |
| Parking | Paved Drive, Leased, Assigned |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 5 |
| Stories | 5 |
Exterior
| Exterior Features | Rain Gutters, Other |
|---|---|
| Lot Description | Corner Lot, Other |
| Roof | Shingle, Rubber, Other |
| Construction | Frame |
| Foundation | Other |
Additional Information
| Zoning | 5+ |
|---|
Listing Details
| Agent | Zachary Conley |
|---|---|
| Office | NextGen Realty, Inc. |