Updated Dec 4, 2024
Gerard Martel & Donna Whritenour Close Multifamily Sale In Fall River, MA
240 Highland Avenue
$1,250,000
$186/SF
Building Size
6,700 SF
Asset Type
MultiFamily
Closing
Jun 27, 2024
About this deal
AI
The property at 240 Highland Ave, Fall River, MA 02720, sold for $1,250,000. This exquisite Victorian multi-family in the Highlands historical district blends period charm with modern updates, featuring unique units with rich wood details, marble fireplaces, and a newly designed kitchen.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Market: Fall River, MA
- Square Footage: 6,700
- Price per Square Foot: $187
- Buyer's Rep: Gerard Martel - Goodrow Realty Corp
- Seller's Rep: Donna Whritenour - Lamacchia Realty
Gerard Martel of Goodrow Realty Corp represented the buyer in the transaction, while Donna Whritenour of Lamacchia Realty represented the seller. The deal showcases the collaborative effort between the involved parties in successfully closing the sale of the stunning Victorian multi-family property.
Players
Fall River MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Lamacchia Realty to view all their deals.
Browse Fall River multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93