Updated Dec 4, 2024
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:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 4
- Square Footage: 6,121
- Price Per Unit: $275,000
- Price Per Square Foot: $180
- Buyer's Representative: Sergio Froes Oliveira - Settlers Realty Group
- Seller's Representative: Nancy Moran - Realty Vision
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
Clinton 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93