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
Lynn 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
15.07%
Cash-on-Cash
-4.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93