Updated Sep 9, 2024
Golam Faruque Acquires Fall River Multi Family Portfolio For $2.045M
229 Corsair Rd Marathon, FL 33050, USA
$2,045,000
$116/SF
Building Size
17,628 SF
Asset Type
Package Deal
Closing
Aug 1, 2023
About this deal
AI
A 19 Unit Multi Family Portfolio consisting of 4 properties in Fall River, MA has been sold for a total of $2,045,000. The properties included in this package deal are located at 320 Ferry St, 99 & 109 Robeson St, and 1158-1164 Stafford Rd. The total square footage of the portfolio is 17,628 square feet, resulting in a price per square foot of $116.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $2,045,000
- Square Footage: 17,628
- Price per Square Foot: $116
- Address: 320 Ferry St, 99 & 109 Robeson St & 1158-1164 Stafford Rd, Fall River, MA
- Market: Fall River, MA
Golam Faruque has acquired this Multi Family Portfolio from Nathan Gagnier. Luke Walen from Century 21 Limitless represented Golam Faruque as the buyer's representative in this transaction, which was successfully closed on 8/1/23.
Marathon Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.76%
Cash-on-Cash
-2.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93