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124 Williams Avenue

EXp Realty Acquires MultiFamily Property In Lynn, MA For $1.05M
SOLDMultiFamily

EXp Realty Acquires MultiFamily Property In Lynn, MA For $1.05M

124 Williams Avenue & 126 Williams Avenue

$1,052,500

$183/SF

Building Size

5,728 SF

Asset Type

MultiFamily

Closing

May 31, 2024

AI

124-126 Williams Ave in Lynn, MA 01902 has been sold for $1,052,500. This property offers 7 beds, 3 baths, and spans 2,864 sq ft. The asset comprises a single-family unit and two-family units, boasting new kitchens, baths, heating, and hot water systems.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,052,500
  • Address: 124-126 Williams Avenue, Lynn, MA 01902
  • Market: Lynn, MA
  • Square Footage: 2,864
  • Price per Square Foot: $367

The buyer's representative in this transaction was eXp Realty, while the seller was represented by Matthew Power from Tache Real Estate.

Players

Matthew Power

Tache Real Estate

Broker

$1.1M

vol

1 deal

Broker

Lynn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.07%

Cash-on-Cash

-4.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93