Dana & Casey Cho Acquire Multifamily Property On Cottage Street In Sharon For $675K
SOLD
$675,000
Massachusetts
See Similar DealsMultiFamily3,866 SF
Sold 09/28/2023
SOLD
Dana & Casey Cho Acquire Multifamily Property On Cottage Street In Sharon For $675K
69 Cottage Street
See Similar DealsMultiFamily3,866 SF
Sold 09/28/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$174
Total Square Footage:3,866 SF
Transaction Type:Sale
A multifamily property located at 69 Cottage Street in Sharon, MA was recently sold for a sale price of $675,000. The property spans 3,866 square feet, resulting in a price per square foot of $175. The transaction took place on 09/28/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $675,000
- Square Footage: 3,866
- Price per Square Foot: $175
- Address: 69 Cottage Street, Sharon, MA
- Market: Sharon, MA
The buyer of the property was Dana & Casey Cho, while the seller was Donna Arnold. Ellen Liao from Coldwell Banker represented the buyer, and Nelson Otuechere from NCO Realty Group served as the seller's representative.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$36,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,398.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,199.84
Annual Debt Service$38,398.13
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