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50 Maple Street

Jing Zheng Facilitates $1.05M Sale Of Braintree Multifamily Property
SOLDMultiFamily

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.

Players

Jing Zheng

Keller Williams Realty

Broker

$15.8M

vol

10 deals

Broker

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