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Gerard Martel & Donna Whritenour Close Multifamily Sale In Fall River, MA

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SOLD
$1,250,000

Massachusetts

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MultiFamily6,700 SF
Sold 06/27/2024
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Property Image
SOLD

Gerard Martel & Donna Whritenour Close Multifamily Sale In Fall River, MA

240 Highland Avenue

See Similar Deals
MultiFamily6,700 SF
Sold 06/27/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$186
Total Square Footage:6,700 SF
Transaction Type:Sale

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:

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

Donna Whritenour
1 deal$1.3M volume(774) 930-2145
BROKER

Gerard Martel
1 deal$1.3M volume(508) 523-3128
BROKER

Details

SOLD
IMAGE: Gerard Martel & Donna Whritenour DATE: 06/27/2024 ADDRESS: 240 Highland Avenue MARKET: Fall River, MA ASSET TYPE: Multifamily BUYER'S REP: Gerard Martel - Goodrow Realty Corp SELLER'S REP: Donna Whritenour (@DonnaWhritenour) - Lamacchia Realty (@LamacchiaRealty) SALE PRICE: $1,250,000 SF: 6,700 ~ PPSF: $187 NOTE: 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.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$66,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65