Lock & Key Realty Acquires 22-Unit Multifamily In Westfield, MA For $2.3M
60 Franklin St Westfield, MA 01085, USA
$2,300,000
$181/SF
Building Size
12,675 SF
Asset Type
MultiFamily
Closing
Aug 7, 2023
AI
A multifamily property located at 60-62 Franklin Street in Westfield, MA has recently been sold. The property consists of 22 units with a price per unit of $104,545. The total square footage of the property is 12,675, resulting in a price per square foot of $181. The sale price for the property was $2,300,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Address: 60-62 Franklin Street, Westfield, MA
- Market: Westfield, MA
- Units: 22
- Price per Unit: $104,545
- Square Footage: 12,675
- Price per Square Foot: $181
Pablo Ottenwalder from Lock & Key Realty represented the buyer in this transaction. If you are interested in apartment building deals in western mass, you can reach out to Pablo Ottenwalder for more information.
It's also worth noting that Pablo Ottenwalder has two off-market deals available, one with 24 units and another with 48 units. If you are looking for investment opportunities in the area, it might be worth contacting Pablo Ottenwalder for more details.
Players
Westfield MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93