Updated Dec 21, 2023
James Moretti Acquires Multifamily Property In Chelsea, MA For $1.5M
80-82 Washington Ave, Chelsea, Massachusetts, USA
$1,500,000
$201/SF
Building Size
7,462 SF
Asset Type
MultiFamily
Closing
Jun 15, 2020
About this deal
AI
Located at 80-82 Washington Ave, this multifamily property in Chelsea, MA has recently been sold for a price of $1,500,000. The property spans 7,462 square feet, resulting in a price per square foot of $201.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Market: Chelsea, MA
The seller's representative in this deal was Carl Orlandi from Madelyn Garcia Real Estate, while the buyer's representative was James Moretti from RE/MAX 360.
James Moretti represented the buyer in this transaction, ensuring a smooth process and successful purchase of this multifamily property in Chelsea, MA.
Players
Chelsea MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93