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49 Reservoir Avenue

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

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

49 Reservoir Avenue

$1,225,000

$290/SF

Building Size

4,224 SF

Asset Type

MultiFamily

Closing

Sep 9, 2024

AI

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

StartPoint Realty

Broker

$1.2M

vol

1 deal

Broker

Revere MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.95%

Cash-on-Cash

-3.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93