Ron Ifrah Acquires Fall River Multifamily For $3.6M
3 Hargraves Street, 15 Hargraves Street, 19 Hargraves Street, 296 Columbia Street & 91 Columbia Street
$3,595,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 6, 2023
AI
The multifamily property located at 3-15 Hargraves Street, 19-27 Hargraves Street, 296 Columbia Street, and 91 Columbia Street in Fall River, MA has been sold for a total price of $3,595,000. The property consists of 26 units with an average price per unit of $138,269. The total square footage of the property is 32,805, resulting in a price per square foot of $110.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $3,595,000
- Buyer: Ron Ifrah
- Seller: Fabio Santos
- Broker: Spencer Smith - Horvath & Tremblay
- Units: 26
- Price per Unit: $138,269
- Square Footage: 32,805
- Price per Square Foot: $110
Ron Ifrah has acquired the property from Fabio Santos, facilitated by the brokerage services of Spencer Smith from Horvath & Tremblay.
Fall River MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93