Sam Takla & Jason Pincomb Facilitate $1.07M Sale Of South Grafton Multifamily
289 Providence Road & 291 Providence Road
$1,070,000
$123/SF
Building Size
8,640 SF
Asset Type
MultiFamily
Closing
Jun 18, 2024
AI
Located at 289-291 Providence Road in South Grafton, MA, the multifamily property was sold for $1.07 million. This 8-unit property consists of a mix of two- and one-bedroom apartments spanning 4,320 square feet. The property features updated heating and hot water tanks, as well as ample tenant parking.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,070,000
- Units: 8
- Price Per Unit: $133,750
- Square Footage: 4,320
- Price Per Square Foot: $248
- Address: 289-291 Providence Road, South Grafton, MA
- Market: South Grafton, MA
Sam Takla from Coldwell Banker represented the buyer in this transaction, while Jason Pincomb from Lamacchia Realty represented the seller. The property offers a promising investment opportunity with below-market rents.
Players
South Grafton 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
14.83%
Cash-on-Cash
-4.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93