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Sherre Weza Of Com-Pro Real Estate Brokers $1.2M Multifamily Sale In Lynn, MA
SOLD
$1,200,000
Massachusetts
See Similar DealsMultiFamily3,251 SF
Sold 03/08/2024
SOLD
Sherre Weza Of Com-Pro Real Estate Brokers $1.2M Multifamily Sale In Lynn, MA
14 Ridgeway Street
See Similar DealsMultiFamily3,251 SF
Sold 03/08/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$369
Total Square Footage:3,251 SF
Transaction Type:Sale
A multifamily property located at 14 Ridgeway Street in Lynn, MA, was sold for $1.2 million. The property spans 3,251 square feet, resulting in a price per square foot of $369.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 14 Ridgeway Street
- Market: Lynn, MA
Sherre Weza from Com-Pro Real Estate Services facilitated the transaction as the broker representing the parties involved in the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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