Fred Miranda & Reyna Cristina Palma Acquire Multifamily Property In Lynn, MA For $735,000
14 Larch Road, Lynn, Massachusetts 01904, United States
$735,000
$274/SF
Building Size
2,678 SF
Asset Type
MultiFamily
Closing
Dec 14, 2021
AI
The multifamily property located at 14 Larch Road in Lynn, MA was recently sold in a closed transaction. The property consists of 2 units with a total square footage of 2,678. The sale price was $735,000, resulting in a price per unit of $367,500 and a price per square foot of $274. The property was initially listed for $699,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $735,000
- Address: 14 Larch Road, Lynn, MA
- Market: Lynn, MA
The buyers of the property are Fred Miranda and Reyna Cristina Palma, while the sellers are Marc and Kara Crovo. The buyer's representative in this deal was Ricardo Zambrano from Zambrano Prop. & Associates - RE/MAX 360. On the other hand, the seller's representatives were Arthur Martiroso and David Martiroso from DNA Realty Group - Keller Williams Realty.
For any inquiries or further information about this property, Arthur Martiroso can be reached at 617-921-5015, and Ricardo Zambrano can be contacted at 781-521-3491.
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
21.58%
Cash-on-Cash
-6.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93