Updated Dec 4, 2024
Pax Estate Group Represents Buyer Michalann Dancause Sells Multifamily In Everett For $1.025M
7 Lincoln Street & 9 Lincoln Street
$1,025,000
$138/SF
Building Size
3,705 SF
Asset Type
MultiFamily
Closing
Sep 4, 2024
About this deal
AI
A three-family property at 7-9 Lincoln St. in Everett, MA, sold for $1.025M, featuring 7 beds, 4 baths, and off-street parking for six cars. The property includes a private fenced backyard, updated roof, and offers proximity to Everett Hospital, parks, and highways. The total square footage is 3,705, with a price per unit of $341,667 and a price per square foot of $277.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Units: 3
- Square Footage: 3,705
- Price Per Unit: $341,667
- Price Per Square Foot: $277
- Buyer's Representative: Pax Estate Group - eXp Realty
- Seller's Representative: Michalann Dancause - Citylight Homes
The representation of the buyer was handled by Pax Estate Group affiliated with eXp Realty, while the seller was represented by Michalann Dancause from Citylight Homes, ensuring a professional approach to the transaction. This sale highlights the collaboration between skilled real estate agents in facilitating property deals.
Players
Everett MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Citylight Homes to view all their deals.
Browse Everett multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93