Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Square Footage: 4,224
- Price Per Square Foot: $290
- Buyer's Representative: Ana Sanabria Alvarado - StartPoint Realty
- Seller's Representative: Metropolis Realty
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.
On the Map
$1,225,000
$290/SF
MultiFamily
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Revere 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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93