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So-AM Realty Trust Acquires Property At 195 E Main St Marlborough For $2.35M With Rep John Slyman

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SOLD
$2,350,000

Massachusetts

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MultiFamily
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Property Image
SOLD

So-AM Realty Trust Acquires Property At 195 E Main St Marlborough For $2.35M With Rep John Slyman

195 E Main St, Marlborough, MA, 01752

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MultiFamily
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is a brick apartment building located at 195 E Main St, Marlborough, MA, 01752. It was sold for $2,350,000.00. The building has a total of 27 units, including 15 one-bedroom apartments and 12 studio apartments. The property was constructed in 1967.

Summary of transaction details:

  • Property Type: Apartment Building
  • Transaction Amount: $2,350,000.00
  • Address: 195 E Main St, Marlborough, MA, 01752
  • Market: Marlborough
  • Buyer: So-AM Realty Trust
  • Seller: Universal Real Estate Investments, LLC
  • Seller's Representative: John Slyman - New England Apartment Group

John Slyman from New England Apartment Group represented the seller in this transaction. This sale is part of a 1031 exchange, showcasing the involvement of the buyer in strategic real estate investment opportunities. New England Apartment Group’s focus is on selling apartment buildings in the private client space throughout New England.

Players

John Slyman
New England Apartment Group
John Slyman
3 deals$16M volume(508) 330-0325
BROKER

Details

SOLD
IMAGE: 195 E Main St, Marlborough, MA, 01752 MARKET: Marlborough SELLER'S REP: John Slyman-New England Apartment Group BUYER: So-AM Realty Trust SELLER: PRICE: $2,350,000.00 SF: 0

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
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