Century 21 Tradition Represents Buyer In $1.3M Sale Of Multifamily Property In Reading, MA
38 Pleasant Street & 40 Pleasant Street
$1,300,000
$200/SF
Building Size
6,480 SF
Asset Type
MultiFamily
Closing
Dec 14, 2023
AI
In Reading, MA, a multifamily property located at 38-40 Pleasant Street has been sold for $1,300,000. The property spans over 3,240 square feet, resulting in a price per square foot of $401.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 38-40 Pleasant Street
- Market: Reading, MA
- Buyer's Representative: Steve Gould - Century 21 Tradition
- Seller's Representative: Jennifer Hardin - True North Realty
The buyer, represented by Steve Gould of Century 21 Tradition, and the seller, Jennifer Hardin of True North Realty, successfully closed the transaction for the multifamily property at 38-40 Pleasant Street.
Players
Reading 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93