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7 Lincoln Street

Updated Dec 4, 2024

Pax Estate Group Represents Buyer Michalann Dancause Sells Multifamily In Everett For $1.025M
SOLDMultiFamily

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

Michalann Dancause

Citylight Homes

Broker

$1M

vol

1 deal

Broker

Everett MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $138 per square foot on a published $1M for 7,410 square feet (2024).

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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

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