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265 Franklin Street

Clorissa McGregor Of Thumbprint Realty Represents Seller In Quincy MA Multifamily Sale For $1.1M
SOLDMultiFamily

Clorissa McGregor Of Thumbprint Realty Represents Seller In Quincy MA Multifamily Sale For $1.1M

265 Franklin Street

$1,099,999

$366/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Aug 28, 2024

AI

A multifamily home located at 265 Franklin Street in Quincy, MA, has been sold for $1,099,999. This newly renovated 2-family home features 6 bedrooms and 3 bathrooms, with a total living space of 3,000 square feet, situated on a 0.42-acre corner lot.

Summary of transaction details:

The transaction was facilitated by David Marx, representing the buyer from Cronin Real Estate, and Clorissa McGregor, representing the seller from Thumbprint Realty. Their roles were crucial in executing the sale of this multifamily property.

Players

Clorissa McGregor

Thumbprint Realty

Broker

$1.1M

vol

1 deal

Broker

Quincy 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93