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
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