An expansive multi-family residence awaits at 33-35 Malvey Street in Fall River, MA, United States, presenting an exceptional prospect for investors and handy homeowners alike. Within this substantial property, the first floor offers touch of warmth and character, with seven spacious rooms, that invites residents to create their own inviting atmosphere. The four two bedroom units on second, and third floor offer comfortable living spaces. The impressive scale of this dwelling encompasses eleven bedrooms and five full bathrooms, providing extensive accommodations across its 4668 square feet of living area. Spread over 3 stories, the property stands on a generous 7635 square foot lot, reflecting its substantial presence in the community since its construction in 1900. It offers some off street parking, with an opportunity to expend.
Introducing an exceptional opportunity to own a five-unit multifamily property that offers immediate cash flow and long-term equity growth. Located near highways, public transportation, shopping and just minutes away from the new train station. This well -maintained building is the perfect addition to any seasoned investor's portfolio- or a SMART START for a new one. It features four 1-bedroom units, on levels 1 and 2, and one 2-bedrooms+ bonus room unit on the 3rd floor. Updated interiors, modern kitchens and baths are also added perks with this property. Whether you're looking for a stable, income-generating asset or a value-add opportunity with upside potential, this five-unit gem delivers BOTH! There are 2 vacant units at this time, one on 1st level and one on the 3rd level that were recently updated throughout. Don't miss out on this rare chance to invest in a property that is a proven income producer with room to increase rents to market rent!
Fall River is located in Massachusetts. Fall River, Massachusetts has a population of 93,339. Fall River is less family-centric than the surrounding county with 20.41% of the households containing married families with children. The county average for households married with children is 27.77%.
The median household income in Fall River, Massachusetts is $49,613. The median household income for the surrounding county is $74,290 compared to the national median of $69,021. The median age of people living in Fall River is 39.4 years.
The average high temperature in July is 81.3 degrees, with an average low temperature in January of 21.5 degrees. The average rainfall is approximately 48.4 inches per year, with 34 inches of snow per year.
