facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

97 Groton Street, Pepperell...

Specialized Property Group Acquires 11-Unit Multifamily In Pepperell For $1.2M
SOLDMultiFamily

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

Nick Jasinski

Broker

$31.5M

vol

14 deals

Broker

Ryan Corcoran

Specialized Property Group

Buyer

$2.4M

vol

2 deals

Buyer

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