Specialized Property Group Acquires 11-Unit Multifamily In Pepperell For $1.2M
97 Groton Street, Pepperell, Massachusetts 01463, United States
$1,200,000
$134/SF
Building Size
8,925 SF
Asset Type
MultiFamily
Closing
Oct 18, 2022
AI
Located at 97 Groton Street in Pepperell, MA, this multifamily property was recently sold in a closed transaction. The property consists of 11 units with a total square footage of 8,925. The sale price for this asset was $1,200,000, resulting in a price per unit of $109,091 and a price per square foot of $134.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 97 Groton Street, Pepperell, MA
- Market: Pepperell, MA
- Buyer: Specialized Property Group - Ryan Corcoran
- Broker: Nick Jasinski
Specialized Property Group, represented by Ryan Corcoran, acquired this well-positioned multifamily asset in Pepperell, MA. Despite market headwinds, the property stood out due to its strong position in the market. The transaction was facilitated by broker Nick Jasinski.
It's worth noting that despite challenging market conditions, multifamily properties like this one continue to be attractive to investors.
Players
Pepperell MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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