Updated Dec 4, 2024
Thom Greve Facilitates $1.7M Sale Of Attleboro Multifamily Property
272 South Main Street
$1,700,000
$180/SF
Building Size
9,420 SF
Asset Type
MultiFamily
Closing
Apr 11, 2024
About this deal
AI
A multifamily property with 10 rental units located at 272 South Main Street in Attleboro, MA, was recently sold for $1.7 million. The property spans 9,420 square feet with each unit costing approximately $170,000 and a price per square foot of $180. Strategically positioned near commuter routes to Boston and Providence, the property boasts well-maintained apartments and offers potential for condo conversion.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Units: 10
- Price per Unit: $170,000
- Square Footage: 9,420
- Price per Square Foot: $180
- Address: 272 South Main Street, Attleboro, MA
- Market: Attleboro, MA
The buyer, represented by Cushman & Wakefield, successfully closed the deal for the 10-unit multifamily property. On the other side, the seller's representative was Thom Greve from Fathom Realty, bringing together the parties for this transaction.
Players
Attleboro 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93