Updated Dec 4, 2024
Juliana O'Brien & Stephen Renaud Broker $1.1M Sale Of 6-unit Multifamily In Worcester, MA
55 Eastern Avenue
$1,100,000
$172/SF
Building Size
6,384 SF
Asset Type
MultiFamily
Closing
May 20, 2024
About this deal
AI
55 Eastern Avenue in Worcester, MA, is a well-maintained 6-unit multifamily property that was sold for $1.1 million. The property boasts 6 beds, 6 baths, individual utilities, in-unit laundry, and spans 6,384 square feet. Situated on a corner lot, it offers ample parking, making it a lucrative investment opportunity in Worcester.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 6
- Price per Unit: $183,333
- Square Footage: 6,384
- Price per Square Foot: $172
- Address: 55 Eastern Avenue
- Market: Worcester, MA
The buyer's representative in this transaction was Juliana O'Brien from BA Property & Lifestyle Advisors, while the seller's representative was Stephen Renaud from Fox Run Realty.
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