Updated Sep 9, 2024
Harry Verenis Of Marcus & Millichap Sells 6-Unit Multifamily Property In Worcester, MA For $1.2M
9 Arline Street, Worcester, MA 01607, USA
$1,200,000
$200/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Nov 5, 2021
About this deal
AI
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.
The multifamily sale at 9 Arline Street, Worcester, MA 01607, USA in Worcester, Massachusetts sold for $1.2M in 2021. Reported inventory is 6,000 square feet across 6 units, or about 200 per square foot. Harry Verenis, Marcus & Millichap, Grove Property Group appear on the sale alongside Marcus & Millichap, Grove Property Group. This page is the Worcester, Massachusetts file for the 9 Arline Street, Worcester, MA 01607, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Worcester sit in the Market section below. Filter that Worcester multifamily set by closing date to see what else sold near 9 Arline Street, Worcester, MA 01607, USA around 2021. Published consideration for 9 Arline Street, Worcester, MA 01607, USA is $1.2M, dated 2021. Cite this Harry Verenis Of Marcus & Millichap Sells 6-Unit Multifamily Property In Worcester, MA For $1.2M sale when underwriting similar multifamily product around Worcester, Massachusetts.
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Worcester 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93