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

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SOLD
$1,150,000

Massachusetts

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MultiFamily3,566 SF
Sold 05/24/2024
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Property Image
SOLD

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

12 French Avenue

See Similar Deals
MultiFamily3,566 SF
Sold 05/24/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$322
Total Square Footage:3,566 SF
Transaction Type:Sale

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
3 deals$3.8M volume(781) 248-7041
BROKER

Shauna Fanning
Lamacchia Realty
2 deals$2.4M volume(508) 631-5634
BROKER

Details

SOLD
IMAGE: Shauna Fanning & Joanne Conway DATE: 05/24/2024 ADDRESS: 12 French Avenue MARKET: Braintree, MA ASSET TYPE: Multifamily BUYER'S REP: Shauna Fanning (@SFanning21) - Lamacchia Realty (@LamacchiaRealty) SELLER'S REP: Joanne Conway (@JojoConway1) - William Raveis Real Estate (@WilliamRaveis) SALE PRICE: $1,150,000 UNITS: 3 ~ PPU: $383,333 SF: 3,566 ~ PPSF: $322 NOTE: 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.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04