Rinaldi Pease Operations LLC Acquires Fall River Multifamily Portfolio For $1.8M

A four-building multifamily portfolio in Fall River, MA has been sold for $1,800,000. The portfolio consists of 48 units across four properties, located at 254 Fourth Street, 270 Fourth Street, 276 Fourth Street, and 195 Rodman Street. The sale price per unit is $37,500, and the total square footage of the properties is 15,989, resulting in a price per square foot of $113.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,800,000
• Units: 48
• Price Per Unit: $37,500
• Square Footage: 15,989
• Price Per Square Foot: $113
• Market: Fall River, MA

The buyer of the portfolio is Rinaldi Pease Operations LLC, while the seller is Cougar Capital. The seller was represented by Spencer Smith and Dennis Kelleher from Horvath & Tremblay. This four-building portfolio sale provides a great investment opportunity with its 48 multifamily units.

For more information about the sale, you can contact Spencer Smith at 781-776-4541.