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Kevin Kelleher Sells Multifamily Property In Everett, MA For $1.1M
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily3,497 SF
Sold 06/25/2024
SOLD
Kevin Kelleher Sells Multifamily Property In Everett, MA For $1.1M
58 Baldwin Avenue
See Similar DealsMultiFamily3,497 SF
Sold 06/25/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$314
Total Square Footage:3,497 SF
Transaction Type:Sale
A spacious multi-family home at 58 Baldwin Ave., Everett, sold for $1.1 million, offering two 3-bedroom apartments and a third 2-bedroom unit ideal for rental income. The property spans 3,497 square feet with a price per square foot of $315.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 58 Baldwin Avenue
- Market: Everett, MA
- Broker: Kevin Kelleher - Smarthomes Realty
The deal was facilitated by Kevin Kelleher from Smarthomes Realty, who represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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