Sean Packard Acquires Multifamily Property At 38-40 Hancock St, Everett, MA
38 Hancock Street, Everett, Massachusetts 02149, United States
$939,000
$273/SF
Building Size
3,432 SF
Asset Type
MultiFamily
Closing
Dec 13, 2021
AI
A multifamily property located at 38-40 Hancock St in Everett, MA has been sold for $939,000. The property consists of 4 units with a price per unit (PPU) of $234,750. The total square footage of the property is 3,432, resulting in a price per square foot (PPSF) of $273.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $939,000
- Address: 38-40 Hancock St, Everett, MA
- Units: 4
- Price per Unit (PPU): $234,750
- Total Square Footage (SF): 3,432
- Price per Square Foot (PPSF): $273
- Market: Everett, MA
The sale was facilitated by David Parish from Connor Real Estate, representing the seller. Sean Packard from Centre Realty Group acted as the buyer's representative in the deal.
Players
Everett MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.89%
Cash-on-Cash
-4.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93