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Ana Sanabria Alvarado Of StartPoint Realty Represents Buyer In $1.225M Sale Of Revere Multifamily

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SOLD
$1,225,000

Massachusetts

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MultiFamily4,224 SF
Sold 09/09/2024
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Property Image
SOLD

Ana Sanabria Alvarado Of StartPoint Realty Represents Buyer In $1.225M Sale Of Revere Multifamily

49 Reservoir Avenue

See Similar Deals
MultiFamily4,224 SF
Sold 09/09/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$290
Total Square Footage:4,224 SF
Transaction Type:Sale

The multifamily property located at 49 Reservoir Avenue in Revere, MA, has been sold for $1,225,000. This property encompasses 4,224 square feet, featuring 9 bedrooms and 3 bathrooms. The units come with large bedrooms and a sunroom, each renting for $3,000 per month. There is potential for expansion in the semi-finished basement, alongside adequate parking space for 6-8 cars.

Summary of transaction details:

The transaction involved Ana Sanabria Alvarado representing the buyer through StartPoint Realty while Metropolis Realty represented the seller. The successful sale reflects the interest in multifamily properties within the Revere market.

Players

Ana Sanabria Alvarado
1 deal$1.2M volume(617) 466-3546
BROKER

Details

SOLD
IMAGE: Ana Sanabria Alvarado DATE: 09/09/2024 ADDRESS: 49 Reservoir Avenue MARKET: Revere, MA ASSET TYPE: Multifamily BUYER'S REP: Ana Sanabria Alvarado (@Sanabria.Anamaria) - StartPoint Realty SELLER'S REP: Metropolis Realty SALE PRICE: $1,225,000 SF: 4,224 ~ PPSF: $290 NOTE: The 3-family property at 49 Reservoir Ave, Revere, MA sold for $1,225,000, featuring 9 beds, 3 baths, and 4,224 sq ft. Each unit includes large bedrooms, a sunroom, and rents for $3,000 per month, with potential for expansion in the semi-finished basement and ample parking for 6-8 cars.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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