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Rinaldi Pease Operations LLC Acquires Fall River Multifamily Portfolio For $1.8M

254 Fourth Street, 270 Fourth Street, 276 Fourth Street & 195 Rodman Street
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This MultiFamily property located in MA was sold for $1,800,000 over 1 year ago. The brokers of the deal were Spencer Smith and Dennis Kelleher

A four-building multifamily portfolio in Fall River, MA has been sold for $1,800,000. The portfolio consists of 48 units across four properties, located at 254 Fourth Street, 270 Fourth Street, 276 Fourth Street, and 195 Rodman Street. The sale price per unit is $37,500, and the total square footage of the properties is 15,989, resulting in a price per square foot of $113.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,800,000
  • Units: 48
  • Price Per Unit: $37,500
  • Square Footage: 15,989
  • Price Per Square Foot: $113
  • Market: Fall River, MA

The buyer of the portfolio is Rinaldi Pease Operations LLC, while the seller is Cougar Capital. The seller was represented by Spencer Smith and Dennis Kelleher from Horvath & Tremblay. This four-building portfolio sale provides a great investment opportunity with its 48 multifamily units.

For more information about the sale, you can contact Spencer Smith at 781-776-4541.

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Deals
  • Location
    254 Fourth Street, Fall River, Massachusetts 02721, United States254 Fourth Street, Fall River, Massachusetts 02721, United States
  • Sale Price
    $1,800,000$1,800,000
    $112 PPSF$112 PPSF
  • Area
    15,989 SF15,989 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Spencer Smith

Spencer Smith

Deals12
Sold$24.9M

Agency

Horvath & Tremblay

Horvath & Tremblay

Agency
Deals642
Volume$2.5B

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Deal Summary

SALE IMAGE: Spencer Smith & Dennis Kelleher DATE: 08/24/2022 ADDRESS: 254 Fourth Street, 270 Fourth Street, 276 Fourth Street & 195 Rodman Street MARKET: Fall River, MA ASSET TYPE: Multifamily BUYER: Rinaldi Pease Operations LLC SELLER: Cougar Capital SELLER'S REP: Spencer Smith (@SpencerMichaelSmith_) & Dennis Kelleher - Horvath & Tremblay SALE PRICE: $1,800,000 UNITS: 48 ~ PPU: $37,500 SF: 15989 ~ PPSF $113 NOTE FROM BROKERS: Four Building Portfolio Sale 48 Units Contact Info Spencer Smith - 781-776-4541

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254 Fourth Street, 270 Fourth Street, 276 Fourth Street & 195 Rodman Street

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