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
Everett MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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