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Madelyn Garcia Of Madelyn Garcia Real Estate Brokers $1.07M Sale Of Multifamily In Chelsea, MA

Property Image
SOLD
$1,075,000

Massachusetts

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MultiFamily3,402 SF
Sold 03/29/2024
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Property Image
SOLD

Madelyn Garcia Of Madelyn Garcia Real Estate Brokers $1.07M Sale Of Multifamily In Chelsea, MA

66 Shawmut Street

See Similar Deals
MultiFamily3,402 SF
Sold 03/29/2024
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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.

Players

Madelyn Garcia
3 deals$3.4M volume
BROKER

Details

SOLD
IMAGE: Madelyn Garcia DATE: 03/29/2024 ADDRESS: 66 Shawmut Street MARKET: Chelsea, MA ASSET TYPE: Multifamily BROKER: Madelyn Garcia (@MadelynGarciaRE) - Madelyn Garcia Real Estate SALE PRICE: $1,075,000 UNITS: 3 ~ PPU: $358,333 SF: 3,402 ~ PPSF: $316 NOTE: In Chelsea, MA, 66 Shawmut St sold for $1,075,000 on March 29, 2024. This three-family home with 11 beds, 3 baths, and 3,402 sq ft offers easy condo conversion, separate meters, hardwood floors, stainless steel appliances, and convenient access to major routes and amenities.

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,819.25
Cash-on-Cash Return-1.27%
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