Updated Dec 4, 2024
Madelyn Garcia Of Madelyn Garcia Real Estate Brokers $1.07M Sale Of Multifamily In Chelsea, MA
66 Shawmut Street
$1,075,000
$316/SF
Building Size
3,402 SF
Asset Type
MultiFamily
Closing
Mar 29, 2024
About this deal
AI
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.
On the Map
$1,075,000
$316/SF
MultiFamily
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Chelsea 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
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93