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Worcester Multifamily Sells For $1.15M With Buyer's Rep George Leblanc & Seller's Rep Oren Mael
SOLD
$1,150,000
Massachusetts
See Similar DealsMultiFamily4,500 SF
Sold 12/13/2023
SOLD
Worcester Multifamily Sells For $1.15M With Buyer's Rep George Leblanc & Seller's Rep Oren Mael
6 Windsor Street
See Similar DealsMultiFamily4,500 SF
Sold 12/13/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$255
Total Square Footage:4,500 SF
Transaction Type:Sale
In Worcester, MA, a multifamily property located at 6 Windsor Street has been sold for $1,150,000. The property encompasses 4,500 square feet and was sold at a price per square foot of $256.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 6 Windsor Street, Worcester, MA
- Market: Worcester, MA
- Buyer's Representative: George Leblanc - Cameron Real Estate Group
- Seller's Representative: Oren Mael - Sapphire Real Estate
George Leblanc of Cameron Real Estate Group represented the buyer in the transaction, while Oren Mael of Sapphire Real Estate acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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