Mark Sciaraffa - Century 21 Seaport Sells Multifamily Property In Revere, MA For $960,000
SOLD
$960,000
Massachusetts
See Similar DealsMultiFamily4,075 SF
Sold 02/01/2022
SOLD
Mark Sciaraffa - Century 21 Seaport Sells Multifamily Property In Revere, MA For $960,000
28 Janvrin Avenue, Revere, Massachusetts 02151, United States
See Similar DealsMultiFamily4,075 SF
Sold 02/01/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$235
Total Square Footage:4,075 SF
Transaction Type:Sale
Located in Revere, MA, a multifamily property at 28 Janvrin Ave recently changed hands in a closed transaction. The property, spanning 4,075 square feet, consists of two units. The sale price for this transaction was $960,000, resulting in a per unit price of $480,000. The price per square foot was calculated at $236.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $960,000
- Address: 28 Janvrin Ave
- Market: Revere, MA
- Units: 2
- Price per Unit: $480,000
- Total Square Footage: 4,075
- Price per Square Foot: $236
The buyer in this transaction was represented by Samyr Rojas. On the seller's side, Mark Sciaraffa of Century 21 Seaport represented the property. These key individuals and their respective agencies played an instrumental role in the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$51,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,410.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,550.89
Annual Debt Service$54,610.68
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