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Madelyn Garcia Of Madelyn Garcia Real Estate Brokers $1.07M Sale Of Multifamily In Chelsea, MA
SOLD
$1,075,000
Massachusetts
See Similar DealsMultiFamily3,402 SF
Sold 03/29/2024
SOLD
Madelyn Garcia Of Madelyn Garcia Real Estate Brokers $1.07M Sale Of Multifamily In Chelsea, MA
66 Shawmut Street
See Similar DealsMultiFamily3,402 SF
Sold 03/29/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$316
Total Square Footage:3,402 SF
Transaction Type:Sale
In Chelsea, MA, 66 Shawmut St is a three-family home that was sold for $1,075,000 on March 29, 2024. The property features 11 beds, 3 baths, and spans 3,402 sq ft. It offers potential for easy condo conversion, separate meters, hardwood floors, and stainless steel appliances. Its location provides convenient access to major routes and amenities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Units: 3
- Price Per Unit: $358,333
- Square Footage: 3,402
- Price Per Square Foot: $316
- Address: 66 Shawmut Street
- Market: Chelsea, MA
Madelyn Garcia of Madelyn Garcia Real Estate acted as the broker for the transaction, representing the parties involved in this sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$57,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,819.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,096.05
Annual Debt Service$61,152.58
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