Fan Wu Acquires 7-Unit Multifamily In Revere, MA For $1.35M
SOLD
$1,350,000
Massachusetts
See Similar DealsMultiFamily5,178 SF
Sold 07/19/2021
SOLD
Fan Wu Acquires 7-Unit Multifamily In Revere, MA For $1.35M
78 Park Ave, Revere, MA, USA
See Similar DealsMultiFamily5,178 SF
Sold 07/19/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$260
Total Square Footage:5,178 SF
Transaction Type:Sale
The multifamily property located at 78 Park Ave in Revere, MA has been sold. The transaction took place on July 19, 2021, with a sale price of $1,350,000. The property spans an area of 5,178 square feet, resulting in a price per square foot of $261. It consists of 7 units, with an average price per unit of $192,857.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 78 Park Ave, Revere, MA
- Market: Revere, MA
- Square Footage: 5,178
- Price per Square Foot: $261
- Number of Units: 7
- Price per Unit: $192,857
The seller of the property was Francis L. Giardullo, while the buyer was Fan Wu.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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