Longwood Residential Acquires Revere Multifamily Property For $1.25M
SOLD
$1,250,000
Massachusetts
See Similar DealsMultiFamily4,328 SF
Sold 01/18/2022
SOLD
Longwood Residential Acquires Revere Multifamily Property For $1.25M
43 Sumner Street, Revere, Massachusetts 02151, United States
See Similar DealsMultiFamily4,328 SF
Sold 01/18/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$288
Total Square Footage:4,328 SF
Transaction Type:Sale
A multifamily property located at 43 Sumner St in Revere, MA was recently sold for $1,250,000. The property spans 4,328 square feet, resulting in a price per square foot of $289.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 43 Sumner St, Revere, MA
- Market: Revere, MA
The buyer was represented by Ron Ifrah from Longwood Residential, Llc, while Madelyn Garcia from Madelyn Garcia Real Estate served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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