Ezzi Property Group & Archer Acquisitions Acquire East Sandwich Multifamily For $1.55M
SOLD
$1,550,000
Massachusetts
See Similar DealsMultiFamily9,000 SF
Sold 04/21/2022
SOLD
Ezzi Property Group & Archer Acquisitions Acquire East Sandwich Multifamily For $1.55M
59 Ploughed Neck Road
See Similar DealsMultiFamily9,000 SF
Sold 04/21/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$172
Total Square Footage:9,000 SF
Transaction Type:Sale
A multifamily property located at 59 Ploughed Neck Rd in East Sandwich, MA has been sold for a price of $1,550,000. The property consists of 9 units with a total square footage of 9,000. The price per unit for this transaction is $172,222, while the price per square foot is $172.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 59 Ploughed Neck Rd, East Sandwich, MA
- Market: East Sandwich, MA
The buyer of the property is Ezzi Property Group and Archer Acquisitions, while the seller is Ploughed Neck Properties Inc. This transaction took place on 04/21/2022.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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