Stivaletta Properties Team & Eric Alberto Complete $1.2M Multifamily Sale In Fall River
62 Morton Street
$1,200,000
$215/SF
Building Size
5,569 SF
Asset Type
MultiFamily
Closing
Apr 25, 2024
AI
A multi-family property located at 62 Morton Street in Fall River, MA, was sold for $1.2 million. The property, featuring 17 beds and 8 baths spread across 5,569 sq ft, was a promising investment opportunity. The sale was facilitated by Seller's Rep Eric Alberto from Rosewood Realty and Buyer's Rep Stivaletta Properties Team from Keller Williams Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 8
- Price Per Unit: $150,000
- Square Footage: 5,569
- Price Per Sq Foot: $215
- Address: 62 Morton Street
- Market: Fall River, MA
The purchase of the property was made with the Stivaletta Properties Team from Keller Williams Realty Boston South West, showing a promising venture near the upcoming commuter rail. The deal was finalized on April 25, 2024, and marks a significant transaction in Fall River's North End.
Players
Fall River MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93