Derek Brazeau - Hayes & Sherry Facilitates $3.09M Sale Of Multifamily Property In Pawtucket, RI
SOLD
$3,090,000
Rhode Island
See Similar DealsMultiFamily
Sold 09/10/2021
SOLD
Derek Brazeau - Hayes & Sherry Facilitates $3.09M Sale Of Multifamily Property In Pawtucket, RI
189-210 Dartmouth St, Pawtucket, RI, USA
See Similar DealsMultiFamily
Sold 09/10/2021
Summary
RHODE ISLAND
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 189-210 Dartmouth St. in Pawtucket, RI has been sold. The transaction was facilitated by Derek Brazeau of Hayes & Sherry.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $3,090,000
- Units: 22
- Price per Unit: $140,455
The sale of this multifamily property demonstrates the strong market demand for residential assets in Pawtucket, RI. The transaction was completed on 09/10/2021, marking another successful deal in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$164,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,978.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,648.18
Annual Debt Service$175,778.12
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