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Keller Williams Realty Acquires Multifamily Property In Springfield, MA For $2.1M

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SOLD
$2,100,000

Massachusetts

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MultiFamily18,000 SF
Sold 08/10/2022
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Property Image
SOLD

Keller Williams Realty Acquires Multifamily Property In Springfield, MA For $2.1M

105 School Street, Springfield, Massachusetts 01105, United States

See Similar Deals
MultiFamily18,000 SF
Sold 08/10/2022
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$116
Total Square Footage:18,000 SF
Transaction Type:Sale

The multifamily property located at 105-111 School St in Springfield, MA has been sold for a price of $2,100,000. The property spans across 18,000 square feet, resulting in a price per square foot of $117. The transaction took place on August 10, 2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Street Address: 105-111 School St
  • Market: Springfield, MA

Tanisha Salmon from Keller Williams Realty represented the buyer in this sale, while Pablo Ottenwalder from Lock & Key Realty Inc. represented the seller.

Players

3 deals$6.5M volume
BROKER

Details

SOLD
IMAGE: Tanisha Salmon DATE: 08/10/2022 ADDRESS: 105-111 School St MARKET: Springfield, MA ASSET TYPE: Multifamily BUYER'S REP: Tanisha Salmon - Keller Williams Realty SELLER'S REP: Pablo Ottenwalder - Lock & Key Realty Inc. SALE PRICE: $2,100,000 SF: 18,000 ~ PPSF: $117

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86