Updated Dec 18, 2023
Eric Callahan's Prospective Realty Inc Acquires Multifamily Property On Elm St For $2.4M
6-26 Elm St, Barre, MA 01005
$2,400,000
$1,200/SF
Building Size
2,000 SF
Asset Type
MultiFamily
Closing
Jan 26, 2022
About this deal
AI
The multimillion-dollar sale of a multifamily property in Barre, MA has recently been finalized. The property, located at 6-26 Elm St, was sold for a total of $2,400,000. Spanning across 2,000 square feet, the property boasts a price per square foot of $1,200. This transaction was captured in a photograph taken by Eric Callahan, providing a visual representation of the property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Date: 01/27/2022
- Address: 6-26 Elm St, Barre, MA
- Market: Barre, MA
The buyer in this transaction was represented by Eric Callahan from Prospective Realty Inc. On the other hand, the seller was represented by the Waylynn Garcia Group from Real Living Realty Professionals. These professional representatives played a crucial role in facilitating the sale, ensuring a smooth transaction for both parties involved.
Players
Barre 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93