Updated Dec 4, 2024
17-Unit Multifamily In Orange, MA Sells For $1.5M With Lynn Brooks As The Broker
50 East Main Street
$1,500,000
$151/SF
Building Size
9,896 SF
Asset Type
MultiFamily
Closing
May 16, 2024
About this deal
AI
A 17-unit property at 50 East Main Street in Orange, MA, sold for $1.5 million. The multifamily property features a mix of 2-bedroom, 1-bedroom, and studio units with rents ranging from $551 to $1000. The property spans 9,896 square feet, translating to a price per square foot of $152.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Units: 17
- Price Per Unit: $88,235
- Square Footage: 9,896
- Market: Orange, MA
- BROKER: Lynn Brooks - Godin Real Estate
Lynn Brooks of Godin Real Estate was the broker involved in the transaction representing the parties. The deal showcases the successful sale of the multifamily property, demonstrating the expertise and professionalism of the parties involved in the real estate transaction.
Players
Orange 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93