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Alfonso Realty Co. Acquires Multifamily Property In Fall River, MA For $1.375M

Property Image
SOLD
$1,375,000
Sandra Codner
BP

Massachusetts

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MultiFamily8,200 SF
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Property Image
SOLD

Alfonso Realty Co. Acquires Multifamily Property In Fall River, MA For $1.375M

462 North Underwood Street, Fall River, MA 02720

See Similar Deals
MultiFamily8,200 SF
Sold
Sandra Codner
BP
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$167
Total Square Footage:8200 SF
Transaction Type:Sale

The multifamily property located at 462 N Underwood St in Fall River, MA was recently sold for a total price of $1,375,000. The property spans approximately 8,200 square feet, resulting in a price per square foot of $168.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,375,000
  • Address: 462 N Underwood St, Fall River, MA
  • Market: Fall River, MA

Sandra Codner from Amaral & Associates RE represented the seller in this transaction, while Brian Phillips from Alfonso Realty Co. represented the buyer.

Players

Sandra Codner
Sandra Codner
1 deal$1.4M volume
BROKER
BP
Brian Phillips
1 deal$1.4M volume
BROKER

Details

SOLD
IMAGE: Sandra Codner DATE: 08/04/2021 ADDRESS: 462 N Underwood St MARKET: Fall River, MA ASSET TYPE: Multifamily SELLER'S REP: Sandra Codner - Amaral & Associates RE BUYER'S REP: Brian Phillips - Alfonso Realty Co. SALE PRICE: $1,375,000 SF: 8,200 ~ PPSF: $168

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

$73,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,885.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,518.20
Annual Debt Service$78,218.42