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62 Morton Street

Stivaletta Properties Team & Eric Alberto Complete $1.2M Multifamily Sale In Fall River
SOLDMultiFamily

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

Eric Alberto

Rosewood Realty

Broker

$1.2M

vol

1 deal

Broker

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