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Vita Realty Group Acquires Multifamily Property In Everett For $1.3M

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SOLD
$1,300,000

Massachusetts

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MultiFamily
Sold 06/17/2024
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Property Image
SOLD

Vita Realty Group Acquires Multifamily Property In Everett For $1.3M

147 Hancock Street & 149 Hancock Street

See Similar Deals
MultiFamily
Sold 06/17/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

147-149 Hancock St in Everett, MA, sold for $1,300,000, featuring a meticulously maintained three-family home with nine beds and three baths spanning 3,342 sq ft. Each unit boasts updated kitchens, gleaming hardwood floors, and modern amenities like washer/dryer hook-ups, while the property includes economical gas heating, ample storage in a spacious basement, and parking for four cars plus a garage.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Units: 3
  • Price Per Unit: $433,333
  • Address: 147-149 Hancock Street, Everett, MA
  • Market: Everett, MA

The buyer's representative for the sale was Vita Realty Group from Compass, while the seller's representative was Vera A. Rivers from Bond Realty.

Players

1 deal$1.3M volume(781) 324-0600
BROKER

Details

SOLD
IMAGE: Vera A. Rivers DATE: 06/17/2024 ADDRESS: 147-149 Hancock Street MARKET: Everett, MA ASSET TYPE: Multifamily BUYER'S REP: Vita Realty Group - Compass (@Compass) SELLER'S REP: Vera A. Rivers - Bond Realty SALE PRICE: $1,300,000 UNITS: 3 ~ PPU: $433,333 NOTE: 147-149 Hancock St in Everett, MA, sold for $1,300,000, featuring a meticulously maintained three-family home with nine beds and three baths spanning 3,342 sq ft. Each unit boasts updated kitchens, gleaming hardwood floors, and modern amenities like washer/dryer hook-ups, while the property includes economical gas heating, ample storage in a spacious basement, and parking for four cars plus a garage.

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

$69,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96