Updated Sep 9, 2024
Blue Ocean Realty, Llc Acquires Multifamily Property In Everett, MA For $1M
55 Morris Street, Everett, MA, USA
$1,000,000
$248/SF
Building Size
4,022 SF
Asset Type
MultiFamily
Closing
Nov 30, 2021
About this deal
AI
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.
On the Map
$1,000,000
$248/SF
MultiFamily
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Players
Everett 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93