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948 Dwight Street

Mui Tran Acquires 16-Unit Multifamily In Holyoke, MA For $1.06M
SOLDMultiFamily

Mui Tran Acquires 16-Unit Multifamily In Holyoke, MA For $1.06M

948 Dwight Street

$1,062,500

$100/SF

Building Size

10,608 SF

Asset Type

MultiFamily

Closing

Sep 7, 2023

AI

A multifamily property located at 948 Dwight Street in Holyoke, MA has been sold. The property consists of 16 units with a total square footage of 10,608. The asking price for the property was $1,200,000, and it was ultimately sold for $1,062,500. This translates to a price per unit of $66,406 and a price per square foot of $100.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,062,500
  • Units: 16
  • Price per Unit: $66,406
  • Square Footage: 10,608
  • Price per Square Foot: $100

The buyer of the property is Mui Tran, while the seller is Dan Larochelle. The broker representing the transaction is Michael Bradley from Horvath & Tremblay.

Players

Michael Bradley

Horvath & Tremblay

Broker

$12.2M

vol

5 deals

Broker

Holyoke 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

14.93%

Cash-on-Cash

-4.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93