Updated Dec 4, 2024
Jose Clavel & Juan Cano Close Multifamily Sale In Everett, MA For $1M
26 Argyle Street
$1,000,000
$426/SF
Building Size
2,346 SF
Asset Type
MultiFamily
Closing
Jun 6, 2024
About this deal
AI
In the heart of Everett, MA, stands a remarkable three-family property offering a blend of modern convenience and investment potential. Boasting a meticulously renovated 1-bedroom unit on the 3rd floor, currently leased and furnished until year-end, alongside a 3-bedroom unit on the second floor leased until July, this property ensures immediate income with added amenities such as ample parking and a versatile mini-split system. The property located at 26 Argyle Street in Everett, MA, spans 2,346 square feet with a sale price of $1,000,000, at a price per unit of $333,333 and a price per square foot of $426.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 3
- Square Footage: 2,346
- Price per Unit: $333,333
- Price per Square Foot: $426
- Address: 26 Argyle Street
- Market: Everett, MA
The buyer's representative in this transaction is Jose Clavel from Pena Realty Corporation, while the seller's representative is Juan Cano from Broad Sound Real Estate.
On the Map
$1,000,000
$426/SF
MultiFamily
View full map
Players
Everett MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jose Clavel to view all their deals.
Browse Everett multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93