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Property Partners Acquires Multifamily Properties In Jefferson For $1.45M

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SOLD
$1,450,000

Massachusetts

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MultiFamily7,702 SF
Sold 09/18/2023
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SOLD

Property Partners Acquires Multifamily Properties In Jefferson For $1.45M

172-Princeton Street

See Similar Deals
MultiFamily7,702 SF
Sold 09/18/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$188
Total Square Footage:7,702 SF
Transaction Type:Sale

Two multifamily properties located at 172 Princeton Street and 180 Princeton Street in Jefferson, MA, were sold for a total of $1,450,000. The combined properties encompass 7,702 square feet, with a price per square foot of $188.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,450,000
  • Address: 172-180 Princeton Street, Jefferson, MA
  • Square Footage: 7,702 sq ft
  • Price per Square Foot: $188
  • Buyer's Representative: Mike Dagilis - Property Partners Real Estate LLC
  • Seller's Representative: Karynsue Marchione-Reilly - Park Place Realty Enterprises

Mike Dagilis from Property Partners Real Estate LLC represented the buyer in this transaction, while Karynsue Marchione-Reilly from Park Place Realty Enterprises represented the seller. The deal involved two multifamily properties in Jefferson, MA, with a combined total of 7,702 square feet. The transaction amount was $1,450,000, with a price per square foot of $188.

Players

1 deal$1.5M volume(508) 410-8464
BROKER

Details

SOLD
IMAGE: Karynsue Marchione-Reilly & Mike Dagilis DATE: 09/18/2023 ADDRESS: 172-180 Princeton Street MARKET: Jefferson, MA ASSET TYPE: Multifamily BUYER'S REP: Mike Dagilis (@TheRealMikeDagilis) - Property Partners Real Estate LLC (@PropertyPartners1) SELLER'S REP: Karynsue Marchione-Reilly - Park Place Realty Enterprises SALE PRICE: $1,450,000 SF: 7,702 ~ PPSF: $188 NOTE: Two multifamily properties located at 172 Princeton Street and 180 Princeton Street in Jefferson, MA, were sold for a total of $1,450,000. The combined properties encompass 7,702 square feet, with a price per square foot of $188.

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

$77,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88