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Matthew Pierce Of Marcus & Millichap Sells 13-Unit Multifamily Property On Woodland Street In Worcester, MA For $2.1M

Property Image
SOLD
$2,100,000

Massachusetts

See Similar Deals
MultiFamily9,915 SF
Sold 10/13/2021
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
MultiFamily9,915 SF
Sold 10/13/2021
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$211
Total Square Footage:9,915 SF
Transaction Type:Sale

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.

Players

Matthew Pierce
Marcus & Millichap
Matthew Pierce
12 deals$54.6M volume(617) 896-7214
BROKER

Details

SOLD
IMAGE: Matthew Pierce DATE: 10/13/2021 ADDRESS: 111 Woodland Street MARKET: Worcester, MA ASSET TYPE: Multifamily BROKER: Matthew Pierce - Marcus & Millichap SALE PRICE: $2,100,000 UNITS: 13 ~ PPU: $161,538

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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