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:
- Property Type: Multifamily
- Transaction Amount: $1,120,000
- Sale Date: 09/19/2024
- Buyer’s Representative: Lisa Tracey - Re/Max
- Seller’s Representative: Jeanne Mulvaney - Lighthouse Realty Group
- Price per Square Foot: $247
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
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