Justin Repp Of Keller Williams Realty Evolution Acquires Multifamily Property In Quincy, MA For $1.07M
194 School Street, Quincy, Massachusetts 02169, United States
$1,070,000
$296/SF
Building Size
3,611 SF
Asset Type
MultiFamily
Closing
Apr 28, 2022
AI
Located at 194 School St in Quincy, MA, this multifamily property was recently sold for a total price of $1,070,000. Spanning 3,611 square feet, the property offers ample living space for its new owners. With a price per square foot of $296, this transaction represents a solid investment opportunity in the local real estate market.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,070,000
- Square Feet: 3,611
- Price per Square Foot: $296
- Address: 194 School St
- Market: Quincy, MA
Justin Repp from Keller Williams Realty Evolution represented the buyer in this transaction, while Tom McFarland from RE/MAX Realty Pros served as the seller's representative. Their expertise played a vital role in facilitating a successful deal. This sale signifies the thriving real estate market in Quincy, MA, where buyers are finding attractive investment opportunities in multifamily properties.
Players
Quincy 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
14.83%
Cash-on-Cash
-4.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93