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EXp Realty Acquires MultiFamily Property In Lynn, MA For $1.05M
SOLD
$1,052,500
Massachusetts
See Similar DealsMultiFamily5,728 SF
Sold 05/31/2024
SOLD
EXp Realty Acquires MultiFamily Property In Lynn, MA For $1.05M
124 Williams Avenue & 126 Williams Avenue
See Similar DealsMultiFamily5,728 SF
Sold 05/31/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$183
Total Square Footage:5,728 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,739.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,989.39
Annual Debt Service$59,872.64
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