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

Property Image
SOLD
$1,100,000

Massachusetts

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MultiFamily12,242 SF
Sold 07/12/2024
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Property Image
SOLD

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

33 Prescott Street & 35 Prescott Street

See Similar Deals
MultiFamily12,242 SF
Sold 07/12/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$89
Total Square Footage:12,242 SF
Transaction Type:Sale

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
1 deal$1.1M volume(978) 660-9955
BROKER

Sergio Froes Oliveira
Settlers Realty Group
1 deal$1.1M volume(508) 371-7469
BROKER

Details

SOLD
IMAGE: Sergio Froes Oliveira & Nancy Moran DATE: 07/12/2024 ADDRESS: 33-35 Prescott Street MARKET: Clinton, MA ASSET TYPE: Multifamily BUYER'S REP: Sergio Froes Oliveira (@SergiogFroes) - Settlers Realty Group (@Settlers_Realty_Group) SELLER'S REP: Nancy Moran - Realty Vision SALE PRICE: $1,100,000 UNITS: 4 ~ PPU: $275,000 SF: 6,121 ~ PPSF: $180 NOTE: A grand Victorian property at 33-35 Prescott St, Clinton, MA, sold for $1.1 million, featuring an 11-bedroom main house and two spacious townhomes. The property, built in 1884, includes modern amenities, high-efficiency heating systems, and offers nearly $5,000 in rental income.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$58,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73