Blue Ocean Realty, Llc Acquires Multifamily Property In Everett, MA For $1M
SOLD
$1,000,000
Massachusetts
See Similar DealsMultiFamily4,022 SF
Sold 11/30/2021
SOLD
Blue Ocean Realty, Llc Acquires Multifamily Property In Everett, MA For $1M
55 Morris Street, Everett, MA, USA
See Similar DealsMultiFamily4,022 SF
Sold 11/30/2021
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:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 55 Morris St, Everett, MA
- Market: Everett, MA
- Buyer's Representative: Yueji Hall - Blue Ocean Realty, Llc
- Seller's Representative: Francesca Driscoll - Redfin Corp
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.
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Deal Type
30 years
10 years
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
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