$799,900

155 Rodman St, FALL RIVER, FALL RIVER, MA 02721

6Beds

5Baths

3,115Sq Ft

1880Built

HomeType

About this home

One of Fall River's iconic buildings! You know it from the 1st picture. Rare mixed-use investment opportunity offering the stability of four residential units complemented by an additional commercial income stream. Gross scheduled income totals approximately $102,000 annually with an estimated cap rate approaching 9% at the current asking price. The property features four residential apartments generating approximately $7,000 per month plus a commercial suite contributing an additional $1,500 monthly. Originally rebuilt in 1991 following a prior fire, recent improvements include a roof replacement in 2021. Additional highlights include three off-street parking spaces, public utilities, replacement windows, and a professionally sound-insulated commercial space suitable for a variety of uses. Ideal for investors seeking diversified cash flow or owner. Please see MLS #: 73500576