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Marni Migliaccio & Christopher Neri Facilitate $1.2M Multifamily Sale In Plymouth
SOLD
$1,200,000
Massachusetts
See Similar DealsMultiFamily9,800 SF
Sold 06/14/2024
SOLD
Marni Migliaccio & Christopher Neri Facilitate $1.2M Multifamily Sale In Plymouth
17 Cordage Terrace & 23 Cordage Terrace
See Similar DealsMultiFamily9,800 SF
Sold 06/14/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$122
Total Square Footage:9,800 SF
Transaction Type:Sale
A multifamily property located at 17-23 Cordage Terrace in Plymouth, MA was recently sold for $1.2 million. The property spans 4,900 square feet, amounting to a price per square foot of $245. Marni Migliaccio from Success! Real Estate represented the buyer in this transaction, while the seller was represented by Christopher Neri from Re/Max.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 17-23 Cordage Terrace
- Market: Plymouth, MA
- Buyer's Rep: Marni Migliaccio - Success! Real Estate
- Seller's Rep: Christopher Neri - Re/Max
In this sale of a multifamily property at 17-23 Cordage Terrace, Marni Migliaccio from Success! Real Estate acted as the buyer's representative, while the seller was represented by Christopher Neri from Re/Max, showcasing the seamless facilitation of the deal by competent real estate professionals.
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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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