Nashua Street LLC Acquires 8-Unit Multifamily Property In Fall River, MA For $750K
159 Nashua Street, Fall River, Massachusetts 02721, United States
$750,000
$98/SF
Building Size
7,584 SF
Asset Type
MultiFamily
Closing
Oct 30, 2022
AI
The multifamily property located at 159 Nashua Street in Fall River, MA has been sold for a total price of $750,000. The transaction took place on October 31, 2022. The property consists of 8 units spanning across 7,584 square feet. The price per unit was calculated to be $93,750, while the price per square foot was $99. The buyer, Nashua Street LLC, purchased the property from Weaton Realty LLC. The deal was facilitated by Spencer Smith of Horvath & Tremblay.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $750,000
- Units: 8
- Price per Unit: $93,750
- Square Footage: 7,584
- Price per Square Foot: $99
- Buyer: Nashua Street LLC
- Seller: Weaton Realty LLC
- Broker: Spencer Smith - Horvath & Tremblay
Spencer Smith of Horvath & Tremblay played a crucial role as the broker in this transaction. The sale of the property represents a successful investment in the Fall River, MA market by Nashua Street LLC. The deal highlights the demand for multifamily properties in the area and the expertise of the involved parties in closing a profitable transaction.
Players
Fall River MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
21.15%
Cash-on-Cash
-6.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93