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Fall River Multifamily Sold For $2.04M With Buyer's Rep Jordan Pavao & Seller's Rep John Pentore
SOLD
Massachusetts
See Similar DealsMultiFamily20,868 SF
Sold 12/08/2023
SOLD
Fall River Multifamily Sold For $2.04M With Buyer's Rep Jordan Pavao & Seller's Rep John Pentore
107 Winter Street & 121 Winter Street
See Similar DealsMultiFamily20,868 SF
Sold 12/08/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$97
Total Square Footage:20,868 SF
Transaction Type:Sale
107 & 121 Winter Street, multifamily properties in Fall River, MA, have been sold for a combined $2,042,000. The properties have a total size of 10,434 square feet, resulting in a price per square foot of $196. The transaction took place on December 8, 2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,042,000
- Address: 107 & 121 Winter Street, Fall River, MA
- Market: Fall River, MA
- Buyer's Representative: Jordan Pavao - Home & Key Real Estate
- Seller's Representative: John Pentore - Horvath & Tremblay
Jordan Pavao of Home & Key Real Estate represented the buyer, while John Pentore of Horvath & Tremblay represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$108,906.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,254.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,680.12
Annual Debt Service$116,161.46
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