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Multifamily Property In Everett, MA Sells For $1.2M, With Buyer's Rep Philip Chaves & Seller's Rep Norma Capuano Parziale
SOLD
$1,200,000
Massachusetts
See Similar DealsMultiFamily4,003 SF
Sold 08/30/2023
SOLD
Multifamily Property In Everett, MA Sells For $1.2M, With Buyer's Rep Philip Chaves & Seller's Rep Norma Capuano Parziale
790 Broadway
See Similar DealsMultiFamily4,003 SF
Sold 08/30/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$299
Total Square Footage:4,003 SF
Transaction Type:Sale
A multifamily property located at 790 Broadway in Everett, MA, was successfully sold for $1.2 million. The property spans 4,003 square feet and was sold at a price-per-square-foot of $300.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Square Footage: 4,003 sqft
- Price per Square Foot: $300
- Address: 790 Broadway, Everett, MA
- Market: Everett, MA
The transaction involved Philip Chaves from Advisors Living representing the buyer, and Norma Capuano Parziale from JRS Properties, Inc. representing the seller.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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