Updated Dec 4, 2024
Viviane Alvarenga Of Century 21 Represents Buyer In $1.17M Multifamily Sale In Lynn MA
25 Forest Hill Avenue
$1,170,000
$241/SF
Building Size
4,848 SF
Asset Type
MultiFamily
Closing
Aug 9, 2024
About this deal
AI
The multifamily investment property located at 25 Forest Hill Avenue in Lynn, MA, has been sold for $1,170,000. This asset encompasses a total area of 4,848 square feet, with a price per square foot of $241. The property features six or more units, including five one-bedroom apartments and two studios, as well as recent upgrades such as a new roof and enhanced safety features.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,170,000
- Square Footage: 4,848
- Price Per Square Foot: $241
- Address: 25 Forest Hill Avenue
- Market: Lynn, MA
- Buyer's Representative: Viviane Alvarenga - Century 21
- Seller's Representative: Waypoint Realty Group - Coldwell Banker Realty
This transaction involved Viviane Alvarenga representing the buyer from Century 21, while the seller was represented by Waypoint Realty Group from Coldwell Banker Realty. Both representatives played crucial roles in facilitating the deal for this investment property.
Players
Lynn 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
13.56%
Cash-on-Cash
-3.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93