SOLDMultiFamily
Matthew Pierce Of Marcus & Millichap Sells 13-Unit Multifamily Property On Woodland Street In Worcester, MA For $2.1M
111 Woodland Street, Worcester, MA 01610
$2,100,000
$211/SF
Building Size
9,915 SF
Asset Type
MultiFamily
Closing
Oct 13, 2021
AI
A multifamily property located at 111 Woodland Street in Worcester, MA, recently sold for a price of $2,100,000. The property consists of 13 units, resulting in a per unit price of $161,538.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $2,100,000
- Units: 13
- Price Per Unit: $161,538
Matthew Pierce from Marcus & Millichap represented the buyer and/or seller in this transaction.
Worcester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93