Updated Sep 9, 2024
Laxmi Khanal Acquires Multifamily Property In Everett, MA For $2.125M
49-53 Highland Ave, Everett, Massachusetts, USA
$2,125,000
$277/SF
Building Size
7,650 SF
Asset Type
MultiFamily
Closing
Sep 29, 2021
About this deal
AI
Located at 49-53 Highland Ave in Everett, MA, this multifamily property was recently sold in a closed transaction. The property spans a total of 7,650 square feet and boasts a sale price of $2,125,000, resulting in a price per square foot of $278. Laxmi Khanal of Pathways represented the buyer in this transaction, while Ana M. Linnehan of Keller Williams Realty served as the seller's representative.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $2,125,000
- Address: 49-53 Highland Ave, Everett, MA
- Market: Everett, MA
- Buyer's Representative: Laxmi Khanal - Pathways
- Seller's Representative: Ana M. Linnehan - Keller Williams Realty
- Square Footage: 7,650
- Price per Square Foot: $278
This transaction involved Laxmi Khanal from Pathways representing the buyer and Ana M. Linnehan from Keller Williams Realty representing the seller. The deal was finalized on September 29, 2021, and the property's sale price reflects its market value.
On the Map
$2,125,000
$277/SF
MultiFamily
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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
7.46%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93