For more information regarding the value of a property, please contact us for a free consultation.
621-631 King Philip St Fall River, MA 02724
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 7,600 sqft
Price per Sqft $177
MLS Listing ID 72982701
Sold Date 08/05/22
Bedrooms 16
Full Baths 11
Year Built 1900
Annual Tax Amount $8,264
Tax Year 2022
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Invest in Fall River! With not just one, but TWO professionally managed houses on ONE lot, these are RARE - 11 UNITS. Protect your investment and keep the current management team in place. The recently renovated 621 King Philip St is a five unit building with four 1 bed/1 bath units and a 2 bed/1 bath “townhouse” style apartment. Completely updated from top to bottom, these units feel fresh and airy from every angle. On the left, 631 King Philip St is a six unit building with four 2 bed/1 bath units and two 1 bed/1 bath units inside. In the basement, tenants also have access to storage and coin-op laundry. Behind both buildings you'll see a yard area, a 10 car parking lot, and a garage bringing $150/month (inc. in 621 3E Rent). In total, both buildings produce ~$11,525.00 from rent collection and an additional $300 or so a month from the laundry coin ops. Both roofs were replaced last year as well. Turn key and cash flowing on day 1...just collect your ROI.
Location
State MA
County Bristol
Zoning A-3
Direction South Main to King Philip
Rooms
Basement Full
Interior
Appliance Gas Water Heater, Tank Water Heater, Tankless Water Heater
Laundry Laundry Room
Exterior
Garage Spaces 1.0
Roof Type Shingle
Total Parking Spaces 10
Garage Yes
Building
Story 6
Foundation Stone, Granite
Sewer Public Sewer
Water Public
Read Less
Bought with Kevin Teves • Weichert, REALTORS® - SBA Group