Portfolio Real Estate Acquires Oak Bluffs Multifamily For $3.35M
SOLD
Massachusetts
See Similar DealsMultiFamily5,064 SF
Sold 08/19/2022
SOLD
Portfolio Real Estate Acquires Oak Bluffs Multifamily For $3.35M
24 Sumner Park Road, Oak Bluffs, Massachusetts 02568, United States
See Similar DealsMultiFamily5,064 SF
Sold 08/19/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$661
Total Square Footage:5,064 SF
Transaction Type:Sale
The multifamily property located at 24 Sumner Pk Rd in Oak Bluffs, MA has been sold for $3,350,000. The property spans across 5,064 square feet, resulting in a price per square foot of $662. The transaction took place on 08/19/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,350,000
- Address: 24 Sumner Pk Rd, Oak Bluffs, MA
- Date: 08/19/2022
- Market: Oak Bluffs, MA
Leslie Floyd, representing Portfolio Real Estate Inc., acted as the buyer's representative in the deal, while Lesley Heidt, from Sandpiper Realty Inc., represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$178,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,901.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,880.71
Annual Debt Service$190,568.51
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