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$1,285,000

For Sale - Active
654 Highland Ave, Fall River, MA 02720
7 Beds
4 Baths
7,570 Square Feet
0.37 Acres Lot
Built in 1901
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 14, 2025 at 03:19AM

Investment Summary


Monthly Cash Flow
-$3,321
Cap Rate
2.6%
Cash-on-Cash Return
-13.5%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-9.1%

Property Description


0.37 Acres Lot
Built in 1901
For Sale - Active
Units n/a

Built in 1901, the Robert Marshall House is an exquisite Georgian Revival mansion in the heart of the Highlands. This architectural gem showcases timeless elegance with rich oak wainscoting, coffered ceilings, and custom period details throughout. The main level features an updated kitchen with two pantries, a mahogany-wrapped library, formal living and dining rooms, and a graceful music room. Upstairs, the spacious master suite includes a private patio, full bath, and optional sitting room, den or bedroom, accompanied by three additional bedrooms and another full bath. The third level, originally servant quarters, offers two updated bedrooms with expansion potential. The basement features a 1/2 bath, laundry room, additional kitchen and ample storage. Outside, enjoy a generous backyard with a pergola, portico, charming stone patio, and a two-car garage. A rare opportunity to own a piece of Highlands history where architectural beauty and modern comfort come together.

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Location


Property Details


Parking

  • Description: Detached, Garage Door Opener, Off Street
  • Details: Detached, Carport, Off Street
  • Garage Spaces: 2
  • Spaces Total: 8

Bedroom Information

  • # of Bedrooms: 7

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 3
  • Basement: Yes
  • Basement Description: Full, Partially Finished
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Foundation: Concrete Perimeter
  • Roof Type: Hip

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: FALLM:0M20B:0000L:0005
  • Lot Size: 16204 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1901

Tax Information

  • Annual Tax: $9,111

Utilities

  • Water & Sewer: Public
  • Heating: Steam, Oil, Fireplace(s)
  • Cooling: None

Location

  • County: Bristol

Investment Summary


Monthly Cash Flow
-$3,321
Cap Rate
2.6%
Cash-on-Cash Return
-13.5%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-9.1%

Purchase Details

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Purchase price:
$1,285,000
Amount financed:
-$1,028,000
Down payment:
$257,000
Closing costs:
$38,550
Rehab costs:
$0
Initial cash invested:
$295,550
Square feet:
7,570
Cost per square foot:
$170
Monthly rent per square foot:
$0.67

Financing Details

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Loan amount:
$1,028,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$6,081
Property tax:
$759
Insurance:
$357
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,197

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,100 $61,200
Vacancy loss: (6%)
6% -$306 -$3,672
Operating income:
$4,794 $57,528

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$759-$9,111
Insurance: (7%)
7%-$357-$4,284
Property management: (8%)
8%-$408-$4,896
Repairs & maintenance: (5%)
5%-$255-$3,060
Capital expenditures: (5%)
5%-$255-$3,060
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$2,034-$24,411

Cash Flow


Monthly Yearly
Net operating income:
$2,760 $33,120
Mortgage payments:
-$6,081 -$72,972
Cash flow:
$3,321 $39,852