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Matthew Petty & Simone Schettino Facilitate $1.1M Multifamily Sale In Everett, MA
SOLD
Massachusetts
See Similar DealsMultiFamily3,032 SF
Sold 01/30/2024
SOLD
Matthew Petty & Simone Schettino Facilitate $1.1M Multifamily Sale In Everett, MA
14 Marie Avenue
See Similar DealsMultiFamily3,032 SF
Sold 01/30/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$362
Total Square Footage:3,032 SF
Transaction Type:Sale
A multifamily property located at 14 Marie Avenue in Everett, MA, was sold for $1.1 million. Spanning 3,032 square feet, the property was transacted at a price of $363 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 14 Marie Avenue
- Market: Everett, MA
Matthew Petty of FRAME Residential represented the buyer in the sale of the multifamily property, while Simone Schettino from Century 21 was the seller's representative in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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