Updated Dec 4, 2024
Multifamily Property Sold For $1.65M At 4 Henchman Terrace Worcester With Broker Alisa Orciuch Waskevich
4 Henchman Terrace
$1,650,000
Units
8
Asset Type
MultiFamily
Closing
Aug 8, 2024
About this deal
AI
A newly constructed 8-unit building located at 4 Henchman Terrace in Worcester, MA, has been sold for $1.65 million. The property features one-bedroom units with modern amenities, providing a total of 8 units with a price per unit of $206,250.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Units: 8
- Price Per Unit: $206,250
- Broker: Alisa Orciuch Waskevich - Waskevich Realty Group
- Date of Sale: 08/08/2024
The transaction was facilitated by broker Alisa Orciuch Waskevich, representing Waskevich Realty Group, marking a significant deal in the Worcester real estate market.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93