Updated Dec 4, 2024
Alyssa Coyle & Brian Allen Facilitate $1.1M Sale Of Multifamily Property In Worcester
41 Barclay Street
$1,100,000
$168/SF
Building Size
6,543 SF
Asset Type
MultiFamily
Closing
Mar 29, 2024
About this deal
AI
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.
On the Map
$1,100,000
$168/SF
MultiFamily
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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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93