Updated Dec 4, 2024
Vita Realty Group Acquires Multifamily Property In Everett For $1.3M
147 Hancock Street & 149 Hancock Street
$1,300,000
Units
3
Asset Type
MultiFamily
Closing
Jun 17, 2024
About this deal
AI
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
Everett 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93