Daily limit: 0/10
Century 21 Tradition Represents Buyer In $1.3M Sale Of Multifamily Property In Reading, MA
SOLD
Massachusetts
See Similar DealsMultiFamily6,480 SF
Sold 12/14/2023
SOLD
Century 21 Tradition Represents Buyer In $1.3M Sale Of Multifamily Property In Reading, MA
38 Pleasant Street & 40 Pleasant Street
See Similar DealsMultiFamily6,480 SF
Sold 12/14/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$200
Total Square Footage:6,480 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
Is there something missing? Send suggestions