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Move Forward Real Estate Sells 10-Unit Multifamily Property In Walpole, MA For $2.1M

Property Image
SOLD
$2,100,000

Massachusetts

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MultiFamily9,510 SF
Sold 07/31/2023
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Property Image
SOLD

Move Forward Real Estate Sells 10-Unit Multifamily Property In Walpole, MA For $2.1M

157 Stone St. Walpole, MA 02081, USA

See Similar Deals
MultiFamily9,510 SF
Sold 07/31/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$220
Total Square Footage:9,510 SF
Transaction Type:Sale

The multifamily property located at 157 Stone Street in Walpole, MA has recently been sold for $2,100,000. This property consists of 10 units, with each unit having an average price of $210,000. The total square footage of the property is 9,510, resulting in an average price per square foot of $221.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Units: 10
  • Price per Unit: $210,000
  • Square Footage: 9,510
  • Price per Square Foot: $221
  • Address: 157 Stone Street, Walpole, MA
  • Market: Walpole, MA

The sale of this multifamily property was brokered by Greg Martin from Move Forward Real Estate. The transaction was captured in a photograph taken by Boston Real Estate Photography.

Players

Greg Martin
5 deals$4.3M volume(774) 266-0693
BROKER

Details

SOLD
IMAGE: Greg Martin DATE: 07/31/2023 ADDRESS: 157 Stone Street MARKET: Walpole, MA ASSET TYPE: Multifamily BROKER: Greg Martin (@MoveForwardRealEstate) - Move Forward Real Estate SALE PRICE: $2,100,000 UNITS: 10 ~ PPU: $210,000 SF: 9,510 ~ PPSF: $221 PHOTO CREDIT: Boston Real Estate Photography (@BostonRealEstatePhotographer)

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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