Fall River Real Estate Group Acquires 49-Unit Multifamily Portfolio In Fall River, MA For $5.4M

The Fall River Real Estate Group has acquired a 49-unit multifamily portfolio in Fall River, MA. The properties involved in the transaction are located at 63 Hargraves Street, 28 Reuben Street, 37 Hargraves Street, and 41 Hargraves Street. The portfolio was sold by SM Capital for a sale price of $5,400,000, surpassing the asking price of $5,000,000. The total square footage of the portfolio is 44,803, resulting in a price per square foot of $121. Each unit was sold for an average price of $110,204.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,400,000
• Address: 63 Hargraves Street, 28 Reuben Street, 37 Hargraves Street, and 41 Hargraves Street
• Market: Fall River, MA

The deal was facilitated by Spencer Smith and John Pentore of Horvath & Tremblay, who represented both the buyer, Fall River Real Estate Group, and the seller, SM Capital. The transaction represents a successful 49-unit portfolio sale in Fall River.