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194 School Street, Quincy, ...

Justin Repp Of Keller Williams Realty Evolution Acquires Multifamily Property In Quincy, MA For $1.07M
SOLDMultiFamily

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

Thomas McFarland

Re/Max

Broker

$7.5M

vol

5 deals

Broker

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