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55 Eastern Avenue

Updated Dec 4, 2024

Juliana O'Brien & Stephen Renaud Broker $1.1M Sale Of 6-unit Multifamily In Worcester, MA
SOLDMultiFamily

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

Stephen Renaud

Fox Run Realty

Broker

$1.1M

vol

1 deal

Broker

Worcester MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $172 per square foot on a published $1.1M for 6,384 square feet (2024).

Visit BA Property & Lifestyle Advisors to view all their deals.

Browse Worcester multifamily sales on Traded.

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

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