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66 Shawmut Street

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

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

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.

Players

Madelyn Garcia

Madelyn Garcia Real Estate

Broker

$3.4M

vol

3 deals

Broker

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