Keller Williams Acquires Multifamily Property In Quincy, MA For $1.09M
SOLD
$1,090,000
Massachusetts
See Similar DealsMultiFamily2,833 SF
Sold 06/01/2020
SOLD
Keller Williams Acquires Multifamily Property In Quincy, MA For $1.09M
61 Cranch St, Quincy, Massachusetts, USA
See Similar DealsMultiFamily2,833 SF
Sold 06/01/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$384
Total Square Footage:2,833 SF
Transaction Type:Sale
The multifamily property located at 61 Cranch St in Quincy, MA has been sold for $1,090,000. The property spans 2,833 square feet and was sold at a price of $385 per square foot. The sale was finalized on June 1, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,090,000
- Square Footage: 2,833
- Price per Square Foot: $385
- Address: 61 Cranch St, Quincy, MA
- Market: Quincy, MA
- Seller's Representative: Michael Wood - Allison James Estates & Homes of MA, LLC
- Buyer's Representative: Fine Homes Group - Keller Williams Realty Boston-Metro | Back Bay
In this transaction, Michael Wood from Allison James Estates & Homes of MA, LLC represented the seller, while the buyer was represented by the Fine Homes Group from Keller Williams Realty Boston-Metro | Back Bay.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,872.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,167.16
Annual Debt Service$62,005.87
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