Marcus & Millichap Represents Sale Of Multifamily Property In Worcester, MA For $5.76M
SOLD
$5,760,000
Massachusetts
See Similar DealsMultiFamily
Sold 07/29/2022
SOLD
Marcus & Millichap Represents Sale Of Multifamily Property In Worcester, MA For $5.76M
267 Mill Street, Worcester, Massachusetts 01602, United States
See Similar DealsMultiFamily
Sold 07/29/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
Located in Worcester, MA, the multifamily property at 267 Mill St has recently been sold in a closed transaction. The sale was facilitated by Matthew Pierce & Brendan Goostray from Marcus & Millichap.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $5,760,000
- Units: 32
- Price per Unit: $180,000
Matthew Pierce & Brendan Goostray, representing Marcus & Millichap, played a crucial role in finalizing the deal. The transaction took place on 07/29/2022.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$307,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,464.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,305.34
Annual Debt Service$327,664.06
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