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Legal 2-unit with existing, above grade studio ADU on a half-acre lot with water views and a new roof. Three gas/electric meters, three heating zones, tenants in Unit 2 pay own electric. Property has been fully renovated, both units feature in-unit laundry. Connected to city sewer, water, and gas. Solar panels leased (no lien/loan)"”transfer preferred, but seller willing to negotiate payoff in the price. Proforma cap rate 8.8% with P+L available; solar contract available upon request. Leases for Unit 2 and ADU expire October 2025. Seller prefers to rent back unit 1 from buyer post-closing at market price, or negotiate in purchase price. Parking for as many cars as needed. Located in "S" zone, offering potential for an additional ADU or possible subdivision (buyer to perform due diligence). Minutes to Fall River T, I-195, and Rt. 24; 30 minutes to Providence, 45 minutes to Boston, 3 hours to New York.
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Listing provided by The WP Group, Smith and Oak Real Estate Co.
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