Updated Dec 21, 2023
Horvath & Tremblay Represent Sale Of Fall River Multifamily Portfolio For $2.45M
24 Hall Street, Fall River, Massachusetts, USA
$2,450,000
Units
29
Asset Type
MultiFamily
Closing
Aug 3, 2020
About this deal
AI
Located in Fall River, MA, a multifamily portfolio consisting of 24 Hall Street, 444 Center Street, 26 Clement Street, 2205 South Main Street, and 731 Bay Street has been recently sold. The portfolio comprises a total of 29 units, with each unit having an average price of $84,482. The sale price for the entire portfolio was $2,450,000, slightly below the initial asking price of $2,500,000. The transaction resulted in a cap rate of 5.55%.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $2,450,000
- Units: 29
- Price per Unit: $84,482
- Cap Rate: 5.55%
The seller's representatives for this transaction were Spencer Smith and John Pentore from Horvath & Tremblay. It's worth noting that this was a full portfolio sale, involving all 29 units within the multifamily properties.
Players
Fall River MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93