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Alyssa Coyle & Brian Allen Facilitate $1.1M Sale Of Multifamily Property In Worcester

Property Image
SOLD
$1,100,000

Massachusetts

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MultiFamily6,543 SF
Sold 03/29/2024
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Property Image
SOLD

Alyssa Coyle & Brian Allen Facilitate $1.1M Sale Of Multifamily Property In Worcester

41 Barclay Street

See Similar Deals
MultiFamily6,543 SF
Sold 03/29/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$168
Total Square Footage:6,543 SF
Transaction Type:Sale

A solid 6-family property at 41 Barclay St in Worcester, MA, was sold for $1,100,000, featuring 18 beds, 6 baths, and 6,543 sq ft of space. With all units offering 3 bedrooms, recent upgrades including forced hot air units and water heaters, and its proximity to Polar Park, MCPHS, and Umass Chan Medical School, this presents a great investment opportunity for investors.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Units: 6
  • Price per Unit: $183,333
  • Square Footage: 6,543
  • Price per Square Foot: $168
  • Address: 41 Barclay Street, Worcester, MA
  • Market: Worcester, MA

Alyssa Coyle of StartPoint Realty acted as the buyer's representative, while Brian Allen of Property Investors & Advisors represented the seller in the transaction.

Players

Brian Allen
1 deal$1.1M volume(508) 868-0927
BROKER

Alyssa Coyle
StartPoint Realty
1 deal$1.1M volume(508) 414-6222
BROKER

Details

SOLD
IMAGE: Alyssa Coyle & Brian Allen DATE: 03/29/2024 ADDRESS: 41 Barclay Street MARKET: Worcester, MA ASSET TYPE: Multifamily BUYER'S REP: Alyssa Coyle - StartPoint Realty SELLER'S REP: Brian Allen - Property Investors & Advisors SALE PRICE: $1,100,000 UNITS: 6 ~ PPU: $183,333 SF: 6,543 ~ PPSF: $168 NOTE: A solid 6-family property at 41 Barclay St in Worcester, MA, was sold for $1,100,000, featuring 18 beds, 6 baths, and 6,543 sq ft of space. With all units offering 3 bedrooms, recent upgrades including forced hot air units and water heaters, and its proximity to Polar Park, MCPHS, and Umass Chan Medical School, this presents a great investment opportunity for investors.

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

$58,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73