Updated Dec 20, 2023
The O'Rourke Group Acquires Multifamily Property On Blackstone River Rd For $1.2M
34 Blackstone River Road, Worcester, Massachusetts 01607, United States
$1,200,000
$80/SF
Building Size
14,974 SF
Asset Type
MultiFamily
Closing
May 30, 2022
About this deal
AI
The multifamily property located at 34 Blackstone River Rd in Worcester, MA has been sold in a recent transaction. The property spans approximately 14,974 square feet and was sold for a total price of $1,200,000, resulting in a price per square foot of $80.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 34 Blackstone River Rd, Worcester, MA
- Square Footage: 14,974
The sale was facilitated by Paul O'Rourke from The O'Rourke Group Real Estate Professionals, who represented the involved parties in the deal.
Players
Worcester 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93