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9 Arline Street, Worcester,...

Harry Verenis Of Marcus & Millichap Sells 6-Unit Multifamily Property In Worcester, MA For $1.2M
SOLDMultiFamily

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

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.

Players

Harry Verenis

Grove Property Group

Broker

$29.6M

vol

11 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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