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24-26 Edgeworth Road

Multifamily Home In North Quincy Sold For $1.115M With Broker John Heaney
SOLDMultiFamily

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

John Heaney

Success! Real Estate

Broker

$2.2M

vol

2 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

14.23%

Cash-on-Cash

-4.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93