Jing Zheng Facilitates $1.05M Sale Of Braintree Multifamily Property
50 Maple Street
$1,050,000
$338/SF
Building Size
3,100 SF
Asset Type
MultiFamily
Closing
Mar 26, 2024
AI
Located in Braintree, MA, the property at 50 Maple Street is a turn-of-the-century, 2-family home spanning 3,100 square feet. The asset was recently sold for $1,050,000, equating to a price per unit of $525,000 and a price per square foot of $339.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Units: 2
- Price Per Unit: $525,000
- Square Footage: 3,100
- Price Per Square Foot: $339
- Address: 50 Maple Street, Braintree, MA
- Market: Braintree, MA
The sale of 50 Maple Street was facilitated by Jing Zheng of Keller WilliamsRealty, who represented the transaction as the broker. The property presents a great investment opportunity with both of its units currently occupied and rented out, making it an attractive option for potential investors.
Braintree 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93