Updated Dec 4, 2024
Kevin Kelleher Sells Multifamily Property In Everett, MA For $1.1M
58 Baldwin Avenue
$1,100,000
$314/SF
Building Size
3,497 SF
Asset Type
MultiFamily
Closing
Jun 25, 2024
About this deal
AI
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.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93