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26 Argyle Street

Jose Clavel & Juan Cano Close Multifamily Sale In Everett, MA For $1M
SOLDMultiFamily

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

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.

Players

Jose Clavel

Pena Realty Corporation

Broker

$3.3M

vol

3 deals

Broker

Everett 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93