Centre Realty Group Acquires Multifamily Property In Chelsea, MA For $3.5M
SOLD
$3,500,000
Massachusetts
See Similar DealsMultiFamily8,748 SF
Sold 09/16/2021
SOLD
Centre Realty Group Acquires Multifamily Property In Chelsea, MA For $3.5M
48-54 Clark Ave, Chelsea, Massachusetts, USA
See Similar DealsMultiFamily8,748 SF
Sold 09/16/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$400
Total Square Footage:8,748 SF
Transaction Type:Sale
A multifamily property located at 48-54 Clark Ave in Chelsea, MA has been sold for a total price of $3,500,000. The property consists of 12 units with an average price per unit (PPU) of $291,667. The total square footage is 8,748, and the price per square foot (PPSF) is $400.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Address: 48-54 Clark Ave, Chelsea, MA
- Units: 12
- PPU: $291,667
- Square Footage: 8,748
- PPSF: $400
Sean Packard from Centre Realty Group represented the buyer, while Robert Saenz from Realway Realty represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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