Lindsay Higgins Sells Multifamily Property In Quincy, MA For $684.9K
SOLD
$684,900
Massachusetts
See Similar DealsMultiFamily2,868 SF
Sold 07/02/2020
SOLD
Lindsay Higgins Sells Multifamily Property In Quincy, MA For $684.9K
58-60 Lawn Ave, Quincy, Massachusetts, USA
See Similar DealsMultiFamily2,868 SF
Sold 07/02/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$238
Total Square Footage:2,868 SF
Transaction Type:Sale
A multifamily property located at 58-60 Lawn Ave in Quincy, MA has been sold for a price of $684,900. The property spans 2,868 square feet, resulting in a price per square foot of $239. It consists of two units, with a price per unit of $342,450.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $684,900
- Address: 58-60 Lawn Ave, Quincy, MA
- Market: Quincy, MA
- Broker: Lindsay Higgins - Classified Realty Group
The deal was facilitated by Lindsay Higgins from Classified Realty Group. The transaction took place on July 2, 2021.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$36,528.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,433.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,246.78
Annual Debt Service$38,961.31
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