Updated Dec 20, 2023
Spencer Smith Sells 12-Unit Multifamily In New Bedford, MA For $975K
72 South Sixth Street, New Bedford, Massachusetts 02740, United States
$975,000
$90/SF
Building Size
10,726 SF
Asset Type
MultiFamily
Closing
Sep 26, 2022
About this deal
AI
A multifamily property located at 72 S 6th St & 74 Ellen Street in New Bedford, MA has been sold for a total price of $975,000. The property consists of two buildings and includes 12 units. Each unit had an average price per unit (PPU) of $81,250. The total square footage of the property is 10,726, resulting in an average price per square foot (PPSF) of $91.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $975,000
- Units: 12
- PPU: $81,250
- Square Footage: 10,726
- PPSF: $91
The sale was facilitated by broker Spencer Smith from Horvath & Tremblay.
For further information, interested parties can contact Spencer Smith at Horvath & Tremblay by calling 781-776-4541.
New Bedford 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
16.27%
Cash-on-Cash
-4.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93