facebook
Traded Co logo
Submit
Daily limit: 0/10

Jacob VanMeter Of Re/Max Represents Buyer In $1M Lynn Multifamily Sale

Property Image
SOLD
$1,000,000

Massachusetts

See Similar Deals
MultiFamily4,500 SF
Sold 02/20/2024
the dealplayerscompscontact
Property Image
SOLD

Jacob VanMeter Of Re/Max Represents Buyer In $1M Lynn Multifamily Sale

188 Washington Street

See Similar Deals
MultiFamily4,500 SF
Sold 02/20/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$222
Total Square Footage:4,500 SF
Transaction Type:Sale

In Lynn, Massachusetts, a multifamily property located at 188 Washington Street has been sold for $1,000,000. The property spans 4,500 square feet with a price per square foot of $222. The buyer, represented by Jacob VanMeter of Re/Max, acquired the property from the seller's representative, Raymond R. Clements ofInvestment Property Advisors.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Address: 188 Washington Street
  • Market: Lynn, MA
  • Buyer's Rep: Jacob VanMeter - Re/Max
  • Seller's Rep: Raymond R. Clements - Investment Property Advisors

Jacob VanMeter of Re/Max facilitated the purchase as the buyer's representative, while Raymond R. Clements of Investment Property Advisors acted as the seller's representative in the transaction.

Players

Jacob VanMeter
2 deals$2.4M volume
BROKER

Raymond R. Clements
1 deal$1M volume(781) 316-5952
BROKER

Details

SOLD
IMAGE: Jacob VanMeter DATE: 02/20/2024 ADDRESS: 188 Washington Street MARKET: Lynn, MA ASSET TYPE: Multifamily BUYER'S REP: Jacob VanMeter - Re/Max (@Remax) SELLER'S REP: Raymond R. Clements - Investment Property Advisors SALE PRICE: $1,000,000 SF: 4,500 ~ PPSF: $222 NOTE: In Lynn, Massachusetts, a multifamily property located at 188 Washington Street has been sold for $1,000,000. The buyer was represented by Jacob VanMeter of Re/Max, while Raymond R. Clements of Investment Property Advisors served as the seller's representative.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12