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Kevin Kelleher Sells Multifamily Property In Everett, MA For $1.1M

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SOLD
$1,100,000

Massachusetts

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MultiFamily3,497 SF
Sold 06/25/2024
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Property Image
SOLD

Kevin Kelleher Sells Multifamily Property In Everett, MA For $1.1M

58 Baldwin Avenue

See Similar Deals
MultiFamily3,497 SF
Sold 06/25/2024
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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.

Players

4 deals$49.5M volume(813) 375-1819
BROKER

Details

SOLD
IMAGE: Kevin Kelleher DATE: 06/25/2024 ADDRESS: 58 Baldwin Avenue MARKET: Everett, MA ASSET TYPE: Multifamily BROKER: Kevin Kelleher - Smarthomes Realty SALE PRICE: $1,100,000 SF: 3,497 ~ PPSF: $315 NOTE: 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.

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Deal Type
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