Updated Dec 4, 2024
Denada Vurmo Of Keller Williams Represents Buyer In $1.2M Multifamily Sale In Brockton MA
1049 Main Street
$1,200,000
$264/SF
Building Size
4,531 SF
Asset Type
MultiFamily
Closing
Jul 26, 2024
About this deal
AI
A multifamily asset located at 1049 Main Street in Brockton, MA, has been sold for $1,200,000. This property consists of four units and has a total square footage of 4,531, resulting in a price per unit of $300,000 and a price per square foot of $265. The building has been fully renovated and includes modern amenities, with upgraded electrical and plumbing systems. Its advantageous location is near Campello Train Station.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 4
- Price Per Unit: $300,000
- Square Footage: 4,531
- Price Per Square Foot: $265
- Buyer's Representative: Denada Vurmo - Keller Williams
- Seller's Representative: Jorge Montero - Safety Realty Corp
Denada Vurmo represented the buyer in this transaction while Jorge Montero acted on behalf of the seller. The deal reflects a significant market activity in the multifamily sector of Brockton, MA, facilitated through their respective agencies, Keller Williams and Safety Realty Corp.
Players
Brockton 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93