Active
24 Days on market
550 Spring St #1 Fall River — Photo 1 of 26

550 Spring St #1 Fall River — Photo 1 of 26

$395,000

Investment Analysis — 550 Spring St #1

Fall River, MA 02721

Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 3-bedroom in 02721 carries an estimated $1,760/mo in gross rent — about a 2.06% cap rate and $8,120/yr in estimated NOI at the $395,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

1,920

Style

Condominium

Built

2023

Welcome to this newer, low-maintenance townhouse-style condo with plenty of space and a layout that gives you a lot of options.Built just 3 years ago, this townhouse-style condo offers the peace of mind that comes with newer construction. You can enjoy worry-free living without having to immediately worry about many of the major, big-ticket maintenance items that can come with an older property. It has modern finishes, a great layout, and plenty of storage throughout.The first floor has a nice open feel with plenty of closet space in the hallway. There is also a first-floor bedroom that could be used for guests, an office, or whatever works best for you. A large additional area gives you plenty of flexibility and could be used as a living room, TV room, playroom, home office, or whatever you need. There is also a full bathroom on this level. Sliding doors lead out to the backyard and vinyl deck, giving you a great spot to relax, grill, or enjoy some fresh air.The second floor is where you'll find the large open-concept kitchen and living area. The kitchen has a tasteful backsplash, plenty of cabinet space, a large pantry, and a big island that gives you plenty of room for cooking, entertaining, or just hanging out. The kitchen opens right into the living area, making this floor a great space for having friends and family over. There is also a convenient half bathroom on this level.The third floor features two large bedrooms, both with plenty of closet space. The full bathroom has a tile floor and a large walk-in shower that is fully tiled. The washer and dryer are conveniently located just outside the bathroom, making laundry a little easier and keeping everything right where you need it.With three levels of living space, multiple bedrooms and flexible rooms, lots of storage, modern finishes, outdoor space, and the benefit of being only 3 years old, this townhouse-style condo offers a great combination of space, comfort, and easy living. If you're looking for a place where you can move in and enjoy it without having to take on a long list of major maintenance projects, this is definitely worth a look.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$395,000
Annual Taxes$4,331
HOA Fee$300

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms10
FireplacesNone
FlooringTile, Vinyl
BasementN

Climate & Utilities

HeatingCentral, Forced Air, Natural Gas, Unit Control
CoolingCentral Air, Individual, Unit Control
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningCBD

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Freezer • Washer • Dryer • Plumbed For Ice Maker

Geography

Floorplan Breakdown

Structural Layout

Third
Master BedroomBedroom 2Bathroom 3
Second
Living RoomDining RoomKitchenBathroom 2
First
Family RoomBedroom 3Bathroom 1
Living Room
Lvl Second

Bathroom - Half, Flooring - Vinyl, Cable Hookup, Open Floorplan, Recessed Lighting

Dining Room
Lvl Second

Flooring - Vinyl, Open Floorplan, Recessed Lighting

Kitchen
Lvl Second

Flooring - Vinyl, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting

Family Room
Lvl First

Bathroom - Full, Closet, Flooring - Vinyl, Balcony / Deck, Exterior Access, Recessed Lighting, Slider, Closet - Double

Master Bedroom
Lvl Third

Closet, Flooring - Vinyl, Attic Access, Recessed Lighting, Closet - Double

Bedroom 2
Lvl Third
Bedroom 3
Lvl First

Closet, Flooring - Vinyl, Recessed Lighting

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl, Countertops - Stone/Granite/Solid, Recessed Lighting

Bathroom 2
Lvl Second

Bathroom - Half, Flooring - Vinyl, Countertops - Stone/Granite/Solid, Recessed Lighting

Bathroom 3
Lvl Third

Bathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Closet, Countertops - Stone/Granite/Solid, Recessed Lighting

Listing Provided By

Listing Agent: Derick Freitas

Listing Office: Amaral & Associates RE

MLS® Number: 73565708