facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

25 Forest Hill Avenue

Updated Dec 4, 2024

Viviane Alvarenga Of Century 21 Represents Buyer In $1.17M Multifamily Sale In Lynn MA
SOLDMultiFamily

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

Viviane Alvarenga

Century 21

Broker

$3.3M

vol

3 deals

Broker

Lynn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $241 per square foot on a published $1.2M for 4,848 square feet (2024).

Visit Viviane Alvarenga to view all their deals.

Browse Lynn multifamily sales on Traded.

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

More Deals

Nearby Markets