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295-315 Main Street Southbr...

Updated Oct 29, 2024

Orlando Investors Acquire Multifamily Asset In Southbridge, MA For $5.3M
SOLDMultiFamily

Orlando Investors Acquire Multifamily Asset In Southbridge, MA For $5.3M

295-315 Main Street Southbridge, Massachusetts 01550, USA

$5,300,000

Units

34

Asset Type

MultiFamily

Closing

May 31, 2023

About this deal

AI

A group of Orlando investors, through WPS Southbridge 65 LLC, has purchased the Whitford Building and Edwards Block in Southbridge, MA. The multifamily property, located at 295-315 Main St, was sold by VTT Property Management for a total price of $5,300,000. The property consists of 34 units, resulting in a price per unit of $155,882.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,300,000
  • Address: 295-315 Main St, Southbridge, MA
  • Market: Southbridge, MA

The purchasing entity, WPS Southbridge 65 LLC, is represented by Rajeev Tirur and Christopher Morgan. The sale was facilitated by Northeast Private Client Group. This transaction marks the acquisition of the Whitford Building and Edwards Block by the Orlando investors, expanding their real estate portfolio in Southbridge.

Players

Southbridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $155.9K per unit across 34 units on a published $5.3M (2023).

Browse Massachusetts multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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