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Ian Halpin Of Signal Real Estate Acquires Multifamily In Taunton For $1.49M
SOLD
Massachusetts
See Similar DealsMultiFamily6,145 SF
Sold 03/14/2024
SOLD
Ian Halpin Of Signal Real Estate Acquires Multifamily In Taunton For $1.49M
54 Longmeadow Road
See Similar DealsMultiFamily6,145 SF
Sold 03/14/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$242
Total Square Footage:6,145 SF
Transaction Type:Sale
A multifamily property located at 54 Longmeadow Road in Taunton, MA, was sold for $1,487,000. The property spans 6,145 square feet, resulting in a price per square foot of $242.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,487,000
- Address: 54 Longmeadow Road, Taunton, MA
- Market: Taunton, MA
- Buyer's Representative: Ian Halpin - Signal Real Estate
- Seller's Representative: Nicholas Medis - Re/Max Synergy
Ian Halpin of Signal Real Estate represented the buyer, while Nicholas Medis of Re/Max Synergy represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,306.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,282.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,049.14
Annual Debt Service$84,589.66
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