James Mulvey Of Bird Dog Real Estate Represents Buyer In $1.12M Quincy Multifamily Sale
20 Janet Road
$1,120,000
$350/SF
Building Size
3,192 SF
Asset Type
MultiFamily
Closing
Aug 27, 2024
AI
A multifamily property located at 20 Janet Road in Quincy, MA has been sold for $1,120,000. This asset comprises two units with a total of 3,192 square feet, resulting in a price per unit of $560,000 and a price per square foot of $351. The property features five bedrooms and three bathrooms, offering ideal accommodation suitable for investors or multi-generational living.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,120,000
- Units: 2
- Square Footage: 3,192
- Price Per Unit: $560,000
- Price Per Square Foot: $351
- Buyer's Representative: James Mulvey - Bird Dog Real Estate
- Seller's Representative: Jing Zheng - Keller Williams
The deal involves representatives from both sides, with James Mulvey representing the buyer through Bird Dog Real Estate and Jing Zheng representing the seller as part of Keller Williams. The transaction provides an opportunity for buyers looking in the Quincy area, known for its proximity to Wollaston train station and local amenities such as a beach.
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
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93