Updated Dec 4, 2024
Viktoriya Gladysh Of Gallagher Real Estate Represents Sale Of 10-Unit Multifamily For $1.15M In West Springfield
81 Exposition Terrace
$1,150,000
$305/SF
Building Size
3,769 SF
Asset Type
MultiFamily
Closing
Sep 10, 2024
About this deal
AI
A multifamily investment property located at 81 Exposition Terrace in West Springfield, MA, was sold for $1,150,000. This 10-unit asset consists of a 3-family building, a 5-unit apartment complex, a single-family home, and a heated garage. The building measures 3,769 square feet and features updated units along with solar panels, generating rental income from fully occupied units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Units: 10
- Price Per Unit: $115,000
- Square Feet: 3,769
- Price Per Square Foot: $305
- Broker: Viktoriya Gladysh - Gallagher Real Estate
This transaction was facilitated by broker Viktoriya Gladysh from Gallagher Real Estate, representing the interests involved in the sale of this investment property. The deal involved the transfer of a fully occupied asset that effectively combines multiple rental properties under one ownership structure.
West Springfield 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93