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284 School Street

Scott Wheaton Acquires Multifamily Property In Stoughton, MA For $3.2M
SOLDMultiFamily

Scott Wheaton Acquires Multifamily Property In Stoughton, MA For $3.2M

284 School Street

$3,200,000

$475/SF

Building Size

6,730 SF

Asset Type

MultiFamily

Closing

Nov 17, 2023

AI

An 11-unit multifamily property located at 284 School Street in Stoughton, MA has been sold for $3,200,000. The property spans 6,730 square feet, with each unit priced at $290,909. The sale price per square foot is $475.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Address: 284 School Street, Stoughton, MA
  • Market: Stoughton, MA

The buyer in this transaction is Scott Wheaton, while Eric Sullivan is the seller. The brokers responsible for the deal are Steve Girolamo and Spencer Smith from Horvath & Tremblay.

Players

Spencer Smith

Horvath & Tremblay

Broker

$44.2M

vol

19 deals

Broker

Eric Sullivan

Seller

$5.2M

vol

2 deals

Seller

Stoughton 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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93