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40 Pleasant Street, Reading...

True North Realty Acquires Multifamily Asset In Reading, MA For $1.09M
SOLDMultiFamily

True North Realty Acquires Multifamily Asset In Reading, MA For $1.09M

40 Pleasant Street, Reading, Massachusetts 01867, United States

$1,090,000

$272/SF

Building Size

4,000 SF

Asset Type

MultiFamily

Closing

Apr 14, 2022

AI

A multifamily property located at 38/40 Pleasant St in Reading, MA has been sold for a total price of $1,090,000. The property consists of 4 units, with a price per unit of $272,500. The total square footage of the property is 4,000, resulting in a price per square foot of $273.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,090,000
  • Units: 4
  • Price per Unit: $272,500
  • Square Footage: 4,000
  • Price per Square Foot: $273
  • Address: 38/40 Pleasant St, Reading, MA
  • Market: Reading, MA

Jennifer Hardin from True North Realty represented the buyer in this transaction. Linda Foye from Coldwell Banker Realty - Andover represented the seller. Their expertise in the real estate industry played a crucial role in facilitating the deal.

Players

Jennifer Hardin

True North Realty

Broker

$2.4M

vol

2 deals

Broker

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

14.55%

Cash-on-Cash

-4.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93