The FRMFD-12 Portfolio: an exceptional and rare investment opportunity, showcasing a collection of twelve multifamily properties totaling 98 units and 181 bedrooms. Among these are 99 Irving Street,144 & 146 Irving, 305 Newton, 79 & 87 Campbell, 71 & 75 Campbell, 60, 66 & 74 Bogle, 125 & 133 Bogle,52 Bogle 103 & 115 5th, 297-301 Flint,165 4th and 87 Orange Street. These properties boast a diverse tenant mix. Discover a value-add opportunity within the portfolio, offering an additional +/-16% upside in rents and a robust cap rate! The economic landscape of Fall River is thriving, supported by key developments such as Amazon's 1.7 million square foot fulfillment center, ongoing Waterfront development, and the South Coast rail project. With over 50% of households opting for rentals, Fall River stands out as a dynamic real estate hub, providing an attractive market for investment. All LOI's must be submitted by June 17th at 5PM.
FRMFD-12 Portfolio, Fall River, MA, 02723
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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