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34 Thorndike Street

Multifamily Property At 34 Thorndike Street Revere Sold For $1M With Broker Danny Zheng
SOLDMultiFamily

Multifamily Property At 34 Thorndike Street Revere Sold For $1M With Broker Danny Zheng

34 Thorndike Street

$1,000,000

$392/SF

Building Size

2,550 SF

Asset Type

MultiFamily

Closing

Jul 15, 2024

AI

A turnkey 3-family property located at 34 Thorndike Street in Revere, MA, has been sold for $1,000,000. This multifamily asset comprises 2,550 sq. ft., six bedrooms, and three bathrooms. The property was renovated in 2004, featuring updates including new electrical systems, plumbing, and vinyl siding. Each unit in the building offers two bedrooms, an open floor plan, and individual laundry hookups.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Square Footage: 2,550
  • Price Per Square Foot: $392
  • Address: 34 Thorndike Street
  • Market: Revere, MA
  • Bedrooms: 6
  • Bathrooms: 3
  • Broker: Danny Zheng - Keller Williams Realty

Representing the transaction, broker Danny Zheng facilitated the sale of this asset, ensuring a successful closing for both parties involved. His expertise in the market contributed to the seamless execution of the deal.

Players

Danny Zheng

Keller Williams Realty

Broker

$27M

vol

19 deals

Broker

Revere 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93