SOLD
Horvath & Tremblay Represent Sale Of Fall River Multifamily Portfolio For $2.45M
24 Hall Street, 444 Center Street, 26 Clement Street, 2205 South Main Street, 731 Bay Street
MultiFamily
Sold 1 year ago
Summary
Sale
MASSACHUSETTS
MultiFamily
Located in Fall River, MA, a multifamily portfolio consisting of 24 Hall Street, 444 Center Street, 26 Clement Street, 2205 South Main Street, and 731 Bay Street has been recently sold. The portfolio comprises a total of 29 units, with each unit having an average price of $84,482. The sale price for the entire portfolio was $2,450,000, slightly below the initial asking price of $2,500,000. The transaction resulted in a cap rate of 5.55%.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $2,450,000
- Units: 29
- Price per Unit: $84,482
- Cap Rate: 5.55%
The seller's representatives for this transaction were Spencer Smith and John Pentore from Horvath & Tremblay. It's worth noting that this was a full portfolio sale, involving all 29 units within the multifamily properties.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Spencer Smith & John Pentore
DATE: 08/03/2021
ADDRESS: 24 Hall Street, 444 Center Street, 26 Clement Street, 2205 South Main Street, 731 Bay Street
MARKET: Fall River, MA
ASSET TYPE: Multifamily
SELLER'S REP: Spencer Smith (@SpencerMichaelSmith_) & John Pentore - Horvath & Tremblay
ASKING PRICE: $2,500,000
SALE PRICE: $2,450,000
UNITS: 29 ~ PPU: $84,482
CAP RATE: 5.55%
NOTE: Full Portfolio Sale 29 unitsView on map
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Address24 Hall Street, 444 Center Street, 26 Clement Street, 2205 South Main Street, 731 Bay Street
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