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611 Commercial Street

Lisa Tracey Of Re/Max Represents Buyer In Sale Of Weymouth Multifamily For $1.12M
SOLDMultiFamily

Lisa Tracey Of Re/Max Represents Buyer In Sale Of Weymouth Multifamily For $1.12M

611 Commercial Street

$1,120,000

$247/SF

Building Size

4,533 SF

Asset Type

MultiFamily

Closing

Sep 19, 2024

AI

A multifamily property located at 611 Commercial Street in Weymouth, MA, has been sold for $1,120,000. The asset encompasses 4,533 square feet and features a 5-bedroom, 4-bath layout with a legal in-law unit. The property is set on a 0.76-acre lot, includes original fireplaces, a renovated barn, and a 3-car garage.

Summary of transation details:

The transaction was conducted with representation by Lisa Tracey, affiliated with Re/Max, as the buyer's representative, while Jeanne Mulvaney from Lighthouse Realty Group represented the seller in this deal.

Players

Lisa Tracey

Re/Max

Broker

$3.6M

vol

2 deals

Broker

East Weymouth 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

14.16%

Cash-on-Cash

-4.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93