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Nancy Cole Team Acquires Multifamily Property In Concord For $1.765M
SOLD
Massachusetts
See Similar DealsMultiFamily3,002 SF
Sold 06/11/2024
SOLD
Nancy Cole Team Acquires Multifamily Property In Concord For $1.765M
31-33 Lang Street
See Similar DealsMultiFamily3,002 SF
Sold 06/11/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$587
Total Square Footage:3,002 SF
Transaction Type:Sale
A 0.34-acre multifamily property at 31-33 Lang Street in Concord was sold for $1,765,000. The property spans 3,002 square feet and was sold at a rate of $588 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,765,000
- Address: 31-33 Lang Street
- Market: Concord
- SF: 3,002
- PPSF: $588
The buyer, represented by Nancy Cole from the Nancy Cole Team at Compass, acquired the property. Zur Attias from The Attias Group acted as the seller’s representative in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$94,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,270.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,367.00
Annual Debt Service$100,404.01
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