CP Property Group Acquires Multifamily Property On School Street In Springfield, MA For $1.755M
SOLD
Massachusetts
See Similar DealsMultiFamily18,000 SF
Sold 03/09/2022
SOLD
CP Property Group Acquires Multifamily Property On School Street In Springfield, MA For $1.755M
111 School Street, Springfield, Massachusetts 01105, United States
See Similar DealsMultiFamily18,000 SF
Sold 03/09/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$97
Total Square Footage:18,000 SF
Transaction Type:Sale
The multifamily property located at 105-111 School in Springfield, MA was recently sold for $1,755,000. The property spans 18,000 square feet, resulting in a price per square foot of $98.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,755,000
- Address: 105-111 School, Springfield, MA
- Square Footage: 18,000
- Price Per Square Foot: $98
The sale was facilitated by Veronique Leroy and Robert Couture of CP Property Group, LLC. They acted as the brokers in the transaction, representing the parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,235.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,319.60
Annual Debt Service$99,835.14
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