facebook
Traded Co logo
Submit

Nick Richardson Acquires Multifamily Property From Juanita Upton In Charlestown For $1.55M

Property Image
SOLD
$1,550,000

Massachusetts

See Similar Deals
MultiFamily2,219 SF
Sold 08/30/2024
the dealplayerscompscontact
Property Image
SOLD

Nick Richardson Acquires Multifamily Property From Juanita Upton In Charlestown For $1.55M

51 Pleasant Street

See Similar Deals
MultiFamily2,219 SF
Sold 08/30/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$698
Total Square Footage:2,219 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily unit located at 51 Pleasant Street in Charlestown, MA. It was sold for a price of $1,550,000, consisting of 3 units. The total square footage of the property is 2,219, resulting in a price per unit of $516,666 and a price per square foot of $698.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,550,000
  • Address: 51 Pleasant Street
  • Market: Charlestown, MA
  • Units: 3
  • Square Footage: 2,219
  • Price Per Unit: $516,666
  • Price Per Square Foot: $698
  • Buyer: Nick Richardson
  • Seller: Juanita Upton
  • Broker’s Representative: Lauren Rayappu - Elevated Realty
  • Broker’s Representative: Sandra McLaughlin - Century 21

The key individuals involved in this transaction include the buyer, Nick Richardson, and the seller, Juanita Upton. The brokers representing the transaction are Lauren Rayappu from Elevated Realty and Sandra McLaughlin from Century 21, who facilitated the deal.

Players

Lauren Rayappu
1 deal$1.6M volume(774) 249-5357
BROKER

Sandra McLaughlin
Century 21
1 deal$1.6M volume(617) 216-4499
BROKER

Details

SOLD
IMAGE: Lauren Rayappu & Sandra McLaughlin DATE: 08/30/2024 ADDRESS: 51 Pleasant Street MARKET: Charlestown, MA ASSET TYPE: Multifamily BUYER: Nick Richardson SELLER: Juanita Upton BROKERS: Lauren Rayappu (@LaurenRayappu) - Elevated Realty (@ElevatedBoston) & Sandra McLaughlin - Century 21 (@Century21) SALE PRICE: $1,550,000 UNITS: 3 ~ PPU: $516,666 SF: 2,219 ~ PPSF: $698

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$82,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49