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6-26 Elm St, Barre, MA 01005

Updated Dec 18, 2023

Eric Callahan's Prospective Realty Inc Acquires Multifamily Property On Elm St For $2.4M
SOLDMultiFamily

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

Eric Callahan

Broker

$3.4M

vol

2 deals

Broker

Barre MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $2.4M for 2,000 square feet (2022).

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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

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