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Derek Sankey & Jonathan Chace Close $1.02M Multifamily Sale In West Dennis

Property Image
SOLD
$1,020,000
Derek Sankey
Jonathan Chace

Massachusetts

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MultiFamily2,926 SF
Sold 06/17/2024
the dealplayerscompscontact
Property Image
SOLD

Derek Sankey & Jonathan Chace Close $1.02M Multifamily Sale In West Dennis

10 Leeward Lane & 12 Leeward Lane

See Similar Deals
MultiFamily2,926 SF
Sold 06/17/2024
Derek Sankey
Jonathan Chace
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$348
Total Square Footage:2,926 SF
Transaction Type:Sale

10-12 Leeward Lane in West Dennis, MA is a multifamily property that was recently sold for $1,020,000. The property spans 1,463 square feet and was transacted at a price per square foot of $697.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,020,000
  • Address: 10-12 Leeward Lane
  • Market: West Dennis, MA

Derek Sankey, from Sankey Real Estate, represented the buyer in this deal, while Jonathan Chace, from Keller Williams, represented the seller. The transaction was successfully completed on 06/17/2024.

Players

Derek Sankey
Sankey Real Estate
Derek Sankey
1 deal$1M volume(508) 543-8060
BROKER
Jonathan Chace
Keller Williams Realty
Jonathan Chace
1 deal$1M volume(508) 789-3073
BROKER

Details

SOLD
IMAGE: Derek Sankey & Jonathan Chace DATE: 06/17/2024 ADDRESS: 10-12 Leeward Lane MARKET: West Dennis, MA ASSET TYPE: Multifamily BUYER'S REP: Derek Sankey - Sankey Real Estate SELLER'S REP: Jonathan Chace - Keller Williams (@KellerWilliamsRealty) SALE PRICE: $1,020,000 SF: 1,463 ~ PPSF: $697 NOTE: 10-12 Leeward Lane in West Dennis, MA, a multifamily property, was sold for $1,020,000. Derek Sankey represented the buyer for Sankey Real Estate, while Jonathan Chace represented the seller for Keller Williams in the transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$54,400.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,623.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,835.32
Annual Debt Service$58,023.84