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:
- Property Type: Multifamily
- Transaction Amount: $1,099,999
- Units: 2
- Price Per Unit: $550,000
- Square Footage: 3,000
- Price Per Square Foot: $367
- Buyer's Representative: David Marx - Cronin Real Estate
- Seller's Representative: Clorissa McGregor - Thumbprint Realty
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
Quincy 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93