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Sherean Azarmi Of Urban Circle Realty Represents Buyer In $1.31M Multifamily Sale In Revere MA

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SOLD
$1,310,000

Massachusetts

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MultiFamily3,906 SF
Sold 10/16/2024
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Property Image
SOLD

Sherean Azarmi Of Urban Circle Realty Represents Buyer In $1.31M Multifamily Sale In Revere MA

129 Lynnway

See Similar Deals
MultiFamily3,906 SF
Sold 10/16/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$335
Total Square Footage:3,906 SF
Transaction Type:Sale

A three-family home at 129 Lynnway, Revere, MA, has been sold for $1,310,000. The property features 3,906 sq ft of living space, offering 6 bedrooms and 3 bathrooms, with a price per unit of $436,667 and a price per square foot of $335. The residence is located in the Points of Pine area near a private beach, making it appealing to both owner-occupants and investors. Notable features include updated units and off-street parking, as well as proximity to public transit and Revere Beach.

Summary of transaction details:

Sherean Azarmi represented the buyer in this transaction, while Maria Pena acted as the representative for the seller. Their involvement played a key role in facilitating the successful sale of the property within the competitive Revere, MA market.

Players

4 deals$6.2M volume
BROKER

Details

SOLD
IMAGE: Sherean Azarmi & Maria Pena DATE: 10/16/2024 ADDRESS: 129 Lynnway MARKET: Revere, MA ASSET TYPE: Multifamily BUYER'S REP: Sherean Azarmi - Urban Circle Realty SELLER'S REP: Maria Pena - Pena Realty Corporation SALE PRICE: $1,310,000 UNITS: 3 ~ PPU: $436,667 SF: 3,906 ~ PPSF: $335 NOTE: A three-family home at 129 Lynnway, Revere, MA, listed for $1.31M, offers 6 beds, 3 baths, and spans 3,906 sq ft in the sought-after Points of Pine area near a private beach. Ideal for owner-occupants or investors, the property features updated units, off-street parking, and close proximity to public transit and Revere Beach.

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

$69,866.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,654.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,210.07
Annual Debt Service$74,520.82