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47 Prescott Street, Everett...

Ting Lee & Graham Beaudoin Acquire Multifamily Property In Everett, MA For $850K
SOLDMultiFamily

Ting Lee & Graham Beaudoin Acquire Multifamily Property In Everett, MA For $850K

47 Prescott Street, Everett, Massachusetts 02149, United States

$850,000

$291/SF

Building Size

2,918 SF

Asset Type

MultiFamily

Closing

May 11, 2022

AI

Located at 47 Prescott St in Everett, MA, this multifamily property was recently sold for a total of $850,000. The sale took place on 05/12/2022 and the property consists of 2 units with a total square footage of 2,918. The price per unit comes out to be $425,000, while the price per square foot is $291.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $850,000
  • Units: 2
  • Price per Unit: $425,000
  • Square Footage: 2,918
  • Price per Square Foot: $291
  • Address: 47 Prescott St, Everett, MA
  • Market: Everett, MA

The buyers of this property are Ting Lee & Graham Beaudoin, while the seller is Michael Colameta. The buyer's representative in this deal is Dan Loprete from Realty Executives, and the seller's representative is Daniel Fabbri from Century 21.

Players

Dan Loprete

Realty Executives

Broker

$14.7M

vol

16 deals

Broker

Everett 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

18.66%

Cash-on-Cash

-5.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93