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Sam Takla & Jason Pincomb Facilitate $1.07M Sale Of South Grafton Multifamily

Property Image
SOLD
$1,070,000
Sam Takla
Jason Pincomb

Massachusetts

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MultiFamily8,640 SF
Sold 06/18/2024
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Property Image
SOLD

Sam Takla & Jason Pincomb Facilitate $1.07M Sale Of South Grafton Multifamily

289 Providence Road & 291 Providence Road

See Similar Deals
MultiFamily8,640 SF
Sold 06/18/2024
Sam Takla
Jason Pincomb
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$123
Total Square Footage:8,640 SF
Transaction Type:Sale

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

Sam Takla
Coldwell Banker
Sam Takla
3 deals$3.7M volume
BROKER
Jason Pincomb
Lamacchia Realty
Jason Pincomb
1 deal$1.1M volume(774) 535-4867
BROKER

Details

SOLD
IMAGE: Sam Takla & Jason Pincomb DATE: 06/18/2024 ADDRESS: 289-291 Providence Road MARKET: South Grafton, MA ASSET TYPE: Multifamily BUYER'S REP: Sam Takla - Coldwell Banker (@ColdwellBanker) SELLER'S REP: Jason Pincomb (@PincombPropertyConsultants) - Lamacchia Realty (@LamacchiaRealty) SALE PRICE: $1,070,000 UNITS: 8 ~ PPU: $133,750 SF: 4,320 ~ PPSF: $248 NOTE: 289-291 Providence Rd in Grafton, MA, sold for $1.07 million, is an 8-unit property with a mix of two- and one-bedroom apartments spanning 4,320 square feet. The property, featuring updated heating and hot water tanks and ample tenant parking, offers below-market rents and represents a promising investment opportunity.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$57,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,801.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,072.35
Annual Debt Service$60,868.15