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
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