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Dreamhouse Team And Terry McCarthy Facilitate $2.005M Multifamily Sale In Cambridge

Property Image
SOLD
$2,005,000

Massachusetts

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MultiFamily8,410 SF
Sold 04/23/2024
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Property Image
SOLD

Dreamhouse Team And Terry McCarthy Facilitate $2.005M Multifamily Sale In Cambridge

66 Sixth Street & 64 Sixth Street

See Similar Deals
MultiFamily8,410 SF
Sold 04/23/2024
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$238
Total Square Footage:8,410 SF
Transaction Type:Sale

This 3-family home at 64-66 Sixth St in Cambridge sold for $2,005,000, offering 8 beds, 3 baths, and 4,205 sq ft of living space. With updates and a prime location near Kendall Square, it's ideal for both homeowners and investors.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,005,000
  • Units: 3
  • Price Per Unit: $668,333
  • Square Footage: 4,205
  • Price Per Square Foot: $477
  • Address: 64-66 Sixth Street
  • Market: Cambridge, MA
  • Buyer's Rep: Dreamhouse Team - Phoenix Real Estate Group
  • Seller's Rep: Terry McCarthy - Coldwell Banker

This transaction was facilitated by Dreamhouse Team from Phoenix Real Estate Group representing the buyer and Terry McCarthy from Coldwell Banker representing the seller. Both parties played crucial roles in ensuring the successful sale of this multifamily property in Cambridge, MA.

Players

Terry McCarthy
Coldwell Banker
Terry McCarthy
2 deals$3.2M volume
BROKER

Details

SOLD
IMAGE: Terry McCarthy DATE: 04/23/2024 ADDRESS: 64-66 Sixth Street MARKET: Cambridge, MA ASSET TYPE: Multifamily BUYER'S REP: Dreamhouse Team - Phoenix Real Estate Group SELLER'S REP: Terry McCarthy (@Terry.F.Mccarthy) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $2,005,000 UNITS: 3 ~ PPU: $668,333 SF: 4,205 ~ PPSF: $477 NOTE: This 3-family home at 64-66 Sixth St in Cambridge sold for $2,005,000, offering 8 beds, 3 baths, and 4,205 sq ft of living space. With updates and a prime location near Kendall Square, it's ideal for both homeowners and investors.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$106,933.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,123.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,504.72
Annual Debt Service$114,056.67