Keller Williams Realty Acquires Multifamily Property In Springfield, MA For $2.1M
SOLD
Massachusetts
See Similar DealsMultiFamily18,000 SF
Sold 08/10/2022
SOLD
Keller Williams Realty Acquires Multifamily Property In Springfield, MA For $2.1M
105 School Street, Springfield, Massachusetts 01105, United States
See Similar DealsMultiFamily18,000 SF
Sold 08/10/2022
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.
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Deal Type
30 years
10 years
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
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