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Ron Ifrah Of Longwood Residential Acquires Fall River, MA Multifamily For $1.35M

Property Image
SOLD
$1,350,000
Bob Pacheco
Ron Ifrah

Massachusetts

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MultiFamily8,260 SF
Sold 04/26/2022
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Property Image
SOLD

Ron Ifrah Of Longwood Residential Acquires Fall River, MA Multifamily For $1.35M

454 Third Street, Fall River, Massachusetts 02721, United States

See Similar Deals
MultiFamily8,260 SF
Sold 04/26/2022
Bob Pacheco
Ron Ifrah
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$163
Total Square Footage:8,260 SF
Transaction Type:Sale

The multifamily property located at 454 & 466 Third St in Fall River, MA was sold on 04/26/2022. The property has a total square footage of 8,260. The sale price for the property was $1,350,000, resulting in a price per square foot of $163.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Market: Fall River, MA
  • Address: 454 & 466 Third St

Ron Ifrah from Longwood Residential, Llc represented the buyer in this transaction, while Bob Pacheco from Homeport Real Estate represented the seller.

Players

Ron Ifrah
Longwood Residential
Ron Ifrah
5 deals$8.3M volume
BROKER
Bob Pacheco
Bob Pacheco
1 deal$1.4M volume
BROKER

Details

SOLD
IMAGE: Ron Ifrah & Bob Pacheco DATE: 04/26/2022 ADDRESS: 454 & 466 Third St MARKET: Fall River, MA ASSET TYPE: Multifamily BUYER'S REP: Ron Ifrah (@RonIfrah) - Longwood Residential, Llc (@LongwoodResidential) SELLER'S REP: Bob Pacheco - Homeport Real Estate SALE PRICE: $1,350,000 SF: 8,260 ~ PPSF: $163

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

$72,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26