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Developers & investors take note: Rare HD-3 conversion opportunity "” the former Notre Dame Rectory at 529 Eastern Ave, Fall River. Approved by variance for 14 apartment units with approx. 21 off-street parking spaces. Historic four-story brick structure featuring fireplaces, hardwood floors, and elegant staircases. Environmental work completed with oil tanks removed and soil tested. The project benefits from a $101K Community Preservation Act / Historic Commission grant and a reduced tax rate until completion. Strong rental upside with projected stabilized income near $300K annually. Centrally located in the Merchants District, minutes to downtown, waterfront, and Route 195. Sold as-is.
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Listing provided by Declan O'Toole, SelectRE Boston
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