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Mega Realty Services Acquires Multifamily Property In West Yarmouth, MA For $2.25M

Property Image
SOLD
$2,250,000
Robert Kinlin
Mario Neno

Massachusetts

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MultiFamily3,036 SF
Sold 06/16/2023
the dealplayerscompscontact
Property Image
SOLD

Mega Realty Services Acquires Multifamily Property In West Yarmouth, MA For $2.25M

75 Lewis Rd West Yarmouth, MA 02673, USA

See Similar Deals
MultiFamily3,036 SF
Sold 06/16/2023
Robert Kinlin
Mario Neno
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$741
Total Square Footage:3,036 SF
Transaction Type:Sale

A multifamily property located at 75 Lewis Road in West Yarmouth, MA, was sold for $2,250,000. The property has a total square footage of 3,036, resulting in a price per square foot of $741.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Square Footage: 3,036
  • Price Per Square Foot: $741
  • Address: 75 Lewis Road, West Yarmouth, MA
  • Market: West Yarmouth, MA

The buyer's representative in this transaction was Mario Neno from Mega Realty Services. He facilitated the deal on behalf of the buyer. Robert Kinlin from Berkshire Hathaway HomeServices represented the seller as their representative.

Players

Robert Kinlin
Berkshire Hathaway HomeServices
Robert Kinlin
15 deals$69.5M volume
BROKER
Mario Neno
Keller Williams Realty
Mario Neno
1 deal$2.3M volume(978) 201-9691
BROKER

Details

SOLD
IMAGE: Mario Neno & Robert Kinlin DATE: 06/16/2023 ADDRESS: 75 Lewis Road MARKET: West Yarmouth, MA ASSET TYPE: Multifamily BUYER'S REP: Mario Neno (@Mario_Neno_Realtor) - Mega Realty Services SELLER'S REP: Robert Kinlin (@RobertBKinlin) - Berkshire Hathaway HomeServices (@Bhhsnenyhvp) SALE PRICE: $2,250,000 SF: 3,036 ~ PPSF: $741 NOTE: A multifamily property located at 75 Lewis Road in West Yarmouth, MA, was sold for $2,250,000. The transaction was facilitated by Mario Neno from Mega Realty Services representing the buyer, while Robert Kinlin of Berkshire Hathaway HomeServices acted as the seller's representative.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$120,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77