Multifamily Home In North Quincy Sold For $1.115M With Broker John Heaney
24-26 Edgeworth Road
$1,115,000
$376/SF
Building Size
2,962 SF
Asset Type
MultiFamily
Closing
Jul 16, 2024
AI
A 2-family home located at 24-26 Edgeworth Road in Quincy, MA has sold for $1,115,000. The property encompasses 2,962 sq. ft. with 6 bedrooms and 2 bathrooms, reflecting a price per unit of $557,500 and a price per square foot of $376. Additionally, the residence features spacious living and dining areas, enclosed porches, hardwood floors, a large basement, and a 2-car garage, with convenient access to the redline train, beach, and Marina Bay.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,115,000
- Units: 2
- Square Footage: 2,962
- Price Per Unit: $557,500
- Price Per Square Foot: $376
- Date of Sale: 07/16/2024
- Broker: John Heaney - Success! Real Estate
John Heaney represented the transaction as the broker, facilitating the sale of this meticulously maintained multifamily property in North Quincy. The property’s key features and location contributed to the successful closing of the deal.
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
14.23%
Cash-on-Cash
-4.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93