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66-78 Boutwell St, Fall Riv...

Dennis Lee Acquires 18-Unit Multifamily In Fall River For $1.86M
SOLDMultiFamily

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.

Players

Spencer Smith

Horvath & Tremblay

Broker

$44.2M

vol

19 deals

Broker

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