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

Property Image
SOLD
$850,000
Daniel Fabbri
Dan Loprete

Massachusetts

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MultiFamily2,918 SF
Sold 05/12/2022
the dealplayerscompscontact
Property Image
SOLD

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

47 Prescott Street, Everett, Massachusetts 02149, United States

See Similar Deals
MultiFamily2,918 SF
Sold 05/12/2022
Daniel Fabbri
Dan Loprete
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$291
Total Square Footage:2,918 SF
Transaction Type:Sale

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
Dan Loprete
16 deals$14.7M volume
BROKER
Daniel Fabbri
Century 21
Daniel Fabbri
1 deal$850K volume
BROKER

Details

SOLD
IMAGE: Dan Loprete DATE: 05/12/2022 ADDRESS: 47 Prescott St MARKET: Everett, MA ASSET TYPE: Multifamily BUYER: Ting Lee & Graham Beaudoin SELLER: Michael Colameta BUYER'S REP: Dan Loprete (@DLoprete8) - Realty Executives (@RealtyExecutivesIntl) SELLER'S REP: Daniel Fabbri - Century 21 (@Century21) SALE PRICE: $850,000 UNITS: 2 ~ PPU: $425,000 SF: 2,918 ~ PPSF: $291

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,019.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,029.43
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