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

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SOLD
$1,800,000
Dennis Kelleher

Massachusetts

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MultiFamily15,989 SF
Sold 08/24/2022
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Property Image
SOLD

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

254 Fourth Street, Fall River, Massachusetts 02721, United States

See Similar Deals
MultiFamily15,989 SF
Sold 08/24/2022
Dennis Kelleher
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$112
Total Square Footage:15,989 SF
Transaction Type:Sale

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.

Players

Dennis Kelleher
93 deals$541.1M volume
BROKER

Spencer Smith
Horvath & Tremblay
19 deals$44.2M volume
BROKER


SELLER

Details

SOLD
IMAGE: Spencer Smith & Dennis Kelleher DATE: 08/24/2022 ADDRESS: 254 Fourth Street, 270 Fourth Street, 276 Fourth Street & 195 Rodman Street MARKET: Fall River, MA ASSET TYPE: Multifamily BUYER: Rinaldi Pease Operations LLC SELLER: Cougar Capital SELLER'S REP: Spencer Smith (@SpencerMichaelSmith_) & Dennis Kelleher - Horvath & Tremblay SALE PRICE: $1,800,000 UNITS: 48 ~ PPU: $37,500 SF: 15989 ~ PPSF $113 NOTE FROM BROKERS: Four Building Portfolio Sale 48 Units Contact Info Spencer Smith - 781-776-4541

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$6,395.02
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