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

Property Image
SOLD
$1,200,000

Massachusetts

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MultiFamily5,569 SF
Sold 04/25/2024
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Property Image
SOLD

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

62 Morton Street

See Similar Deals
MultiFamily5,569 SF
Sold 04/25/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$215
Total Square Footage:5,569 SF
Transaction Type:Sale

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
1 deal$1.2M volume(508) 837-9598
BROKER

Details

SOLD
IMAGE: Eric Alberto DATE: 04/25/2024 ADDRESS: 62 Morton Street MARKET: Fall River, MA ASSET TYPE: Multifamily BUYER'S REP: Stivaletta Properties Team - Keller Williams Realty (@KellerWilliamsRealty) SELLER'S REP: Eric Alberto (@RosewoodRealty) - Rosewood Realty SALE PRICE: $1,200,000 UNITS: 8 ~ PPU: $150,000 SF: 5,569 ~ PPSF: $215 NOTE: A multi-family home in Fall River's North End, featuring 17 beds and 8 baths across 5,569 sq ft, sold for $1.2 million. Listed by Eric Alberto of Rosewood Realty and purchased with the Stivaletta Properties Team of Keller Williams Realty Boston South West, the property offers a promising investment opportunity near the upcoming commuter rail.

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

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35