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Paul Gnakou Of MIG Represents Buyer In 12-unit Multifamily Sale For $1.395M In Springfield MA

Property Image
SOLD
$1,395,000

Massachusetts

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MultiFamily13,755 SF
Sold 11/04/2024
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Property Image
SOLD

Paul Gnakou Of MIG Represents Buyer In 12-unit Multifamily Sale For $1.395M In Springfield MA

40 Warriner Avenue

See Similar Deals
MultiFamily13,755 SF
Sold 11/04/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$101
Total Square Footage:13,755 SF
Transaction Type:Sale

A 12-unit apartment building located at 40 Warriner Avenue, Springfield, MA, was sold for $1,395,000. The property encompasses 13,755 square feet, with a price per unit of $116,250 and a price per square foot of $101. The building is fully occupied, featuring a combination of one- and two-bedroom units. It presents a strong rental history and modern amenities.

Summary of transaction details:

This transaction involved key representatives from both sides, with Paul Gnakou representing the buyer and Robert Couture representing the seller. Their roles were crucial in facilitating the sale of this multifamily property in Springfield, MA.

Players

Robert "Bob" Couture
3 deals$4.6M volume
BROKER

Paul Gnakou
2 deals$8M volume(857) 576-4458
BROKER

Details

SOLD
IMAGE: Paul Gnakou & Robert Couture DATE: 11/04/2024 ADDRESS: 40 Warriner Avenue MARKET: Springfield, MA ASSET TYPE: Multifamily BUYER'S REP: Paul Gnakou - MIG (@MIGRealty) SELLER'S REP: Robert Couture (@BCouture73) - CP Property Group SALE PRICE: $1,395,000 UNITS: 12 ~ PPU: $116,250 SF: 13,755 ~ PPSF: $101 NOTE: A 12-unit apartment building at 40 Warriner Ave, Springfield, MA, sold for $1.4 million in 2024, offering 13,755 sq. ft. of space. Fully occupied with a mix of one- and two-bedroom units, the property provides a strong rental history, modern amenities, and a prime location, making it a valuable investment opportunity.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,956.14
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