Harry Verenis Of Marcus & Millichap Sells 6-Unit Multifamily Property In Worcester, MA For $1.2M
SOLD
$1,200,000
Massachusetts
See Similar DealsMultiFamily6,000 SF
Sold 11/05/2021
SOLD
Harry Verenis Of Marcus & Millichap Sells 6-Unit Multifamily Property In Worcester, MA For $1.2M
9 Arline Street, Worcester, MA 01607, USA
See Similar DealsMultiFamily6,000 SF
Sold 11/05/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$200
Total Square Footage:6,000 SF
Transaction Type:Sale
A multifamily property located at 9 Arline St in Worcester, MA has been sold for a total of $1,200,000. The property consists of 6 units, resulting in a price per unit of $200,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 9 Arline St, Worcester, MA
- Market: Worcester, MA
- Broker: Harry Verenis - Marcus & Millichap
Harry Verenis from Marcus & Millichap represented the parties involved in the sale transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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