Dennis Lee Acquires 18-Unit Multifamily In Fall River For $1.86M
66-78 Boutwell St, Fall River, MA 02723
$1,860,000
$146/SF
Building Size
12,721 SF
Asset Type
MultiFamily
Closing
Jun 12, 2023
AI
The multifamily property located at 66-78 Boutwell Street in Fall River, MA has been sold in a closed transaction. The property consists of 18 units with a total square footage of 12,721. The sale price for the property was $1,860,000, resulting in a price per unit of $103,333 and a price per square foot of $146. The transaction took place on 06/12/2023.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,860,000
- Units: 18
- Price Per Unit: $103,333
- Square Footage: 12,721
- Price Per Square Foot: $146
- Market: Fall River, MA
The buyer of the property is Dennis Lee, while Carlos Baez was the seller. The broker representing the transaction is Spencer Smith from Horvath & Tremblay.
Boston 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
8.53%
Cash-on-Cash
-2.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93