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33 Prescott Street

Updated Dec 4, 2024

Sergio Froes Oliveira Of Settlers Realty Group Represents Buyer In $1.1M Clinton Multifamily Sale
SOLDMultiFamily

Sergio Froes Oliveira Of Settlers Realty Group Represents Buyer In $1.1M Clinton Multifamily Sale

33 Prescott Street & 35 Prescott Street

$1,100,000

$89/SF

Building Size

6,121 SF

Asset Type

MultiFamily

Closing

Jul 12, 2024

About this deal

AI

A multifamily property located at 33-35 Prescott Street in Clinton, MA, has been sold for $1,100,000. The asset spans 6,121 square feet and comprises 4 units, which results in a price per unit of $275,000 and a price per square foot of $180. Built in 1884, the property features an 11-bedroom main house along with two townhomes, equipped with modern amenities and high-efficiency heating systems while generating nearly $5,000 in rental income.

Summary of transaction details:

This transaction involved key representatives, with Sergio Froes Oliveira representing the buyer from Settlers Realty Group and Nancy Moran representing the seller from Realty Vision. The successful closing highlights the collaborative efforts of these brokerage firms in facilitating the property transaction.

Players

Nancy Moran

Realty Vision

Broker

$1.1M

vol

1 deal

Broker

Clinton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $89 per square foot on a published $1.1M for 12,242 square feet (2024).

Visit Settlers Realty Group to view all their deals.

Browse Clinton multifamily sales on Traded.

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

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