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
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