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Blue Ocean Realty, Llc Acquires Multifamily Property In Everett, MA For $1M

Property Image
SOLD
$1,000,000

Massachusetts

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MultiFamily4,022 SF
Sold 11/30/2021
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Property Image
SOLD

Blue Ocean Realty, Llc Acquires Multifamily Property In Everett, MA For $1M

55 Morris Street, Everett, MA, USA

See Similar Deals
MultiFamily4,022 SF
Sold 11/30/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$248
Total Square Footage:4,022 SF
Transaction Type:Sale

A multifamily property located at 55 Morris St in Everett, MA has been sold for a price of $1,000,000. The property spans 4,022 square feet, resulting in a price per square foot of $249.

Summary of transaction details:

The buyer's representative in the deal was Yueji Hall from Blue Ocean Realty, Llc. On the other hand, Francesca Driscoll from Redfin Corp represented the seller in the transaction.

Players

YH
7 deals$11.3M volume(857) 207-7579
BROKER

Details

SOLD
IMAGE: Francesca Driscoll DATE: 11/30/2021 ADDRESS: 55 Morris St MARKET: Everett, MA ASSET TYPE: Multifamily BUYER'S REP: Yueji Hall - Blue Ocean Realty, Llc SELLER'S REP: Francesca Driscoll - Redfin Corp SALE PRICE: $1,000,000 SF: 4,022 ~ PPSF: $249

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12