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12 French Avenue

Updated Dec 4, 2024

Shauna Fanning & Joanne Conway Sell 3-Family Multifamily In Braintree, MA For $1.15M
SOLDMultiFamily

Shauna Fanning & Joanne Conway Sell 3-Family Multifamily In Braintree, MA For $1.15M

12 French Avenue

$1,150,000

$322/SF

Building Size

3,566 SF

Asset Type

MultiFamily

Closing

May 24, 2024

About this deal

AI

A multi-family property located at 12 French Ave, Braintree, MA 02184, was sold for $1,150,000. The well-maintained 3-family unit features 7 bedrooms, 3 bathrooms, and spans 3,566 square feet, offering a fantastic location near MBTA, shopping, and schools, with recent updates including a new roof in 2023.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Units: 3
  • Price Per Unit: $383,333
  • Square Footage: 3,566
  • Price Per Square Foot: $322
  • Address: 12 French Avenue, Braintree, MA
  • Market: Braintree, MA

The buyer's representative for this transaction was Shauna Fanning from Lamacchia Realty, while the seller's representative was Joanne Conway from William Raveis Real Estate, facilitating the sale of the multi-family property located in Braintree, MA.

Players

Joanne Conway

William Raveis Real Estate

Broker

$3.8M

vol

3 deals

Broker

Braintree MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $322 per square foot on a published $1.2M for 3,566 square feet (2024).

Visit Joanne Conway to view all their deals.

Browse Braintree multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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