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Omar Regalado & Nathan Carroll Facilitate $1.05M Multifamily Sale In Fall River, MA
SOLD
Massachusetts
See Similar DealsMultiFamily6,532 SF
Sold 03/22/2024
SOLD
Omar Regalado & Nathan Carroll Facilitate $1.05M Multifamily Sale In Fall River, MA
1273 South Main Street
See Similar DealsMultiFamily6,532 SF
Sold 03/22/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$160
Total Square Footage:6,532 SF
Transaction Type:Sale
1273 South Main Street in Fall River, MA, a multifamily property spanning 6,532 square feet, was recently sold for $1,050,000. The transaction involved 6 units with a price per unit of $175,000 and a price per square foot of $161.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 1273 South Main Street
- Market: Fall River, MA
- Units: 6
- Price per Unit: $175,000
- Total Square Footage: 6,532
- Price per Square Foot: $161
- Buyer's Rep: Omar Regalado - Cedar Wood Realty Group
- Seller's Rep: Nathan Carroll - Lion Gate Real Estate
Omar Regalado of Cedar Wood Realty Group represented the buyer, while Nathan Carroll of Lion Gate Real Estate represented the seller in this transaction at 1273 South Main Street in Fall River, MA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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