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80 Russell Street

Jim Mcgue Of Granite Group Realtors Represents Buyer In $1.05M Multifamily Sale In Quincy MA
SOLDMultiFamily

Jim Mcgue Of Granite Group Realtors Represents Buyer In $1.05M Multifamily Sale In Quincy MA

80 Russell Street

$1,050,000

$414/SF

Building Size

2,531 SF

Asset Type

MultiFamily

Closing

Sep 20, 2024

AI

A two-family home located at 80 Russell Street in Quincy, MA, has been sold for $1,050,000. The property comprises 2,531 square feet and includes 6 bedrooms and 3 baths. It features upgraded kitchens, hardwood floors, central air on the first floor, and a two-car garage, with a rental income generation of $5,250.

Summary of transaction details:

The transaction involved Jim Mcgue representing the buyer and Maureen Glynn representing the seller, highlighting the collaborative efforts of the brokers in facilitating the sale of this multifamily asset.

Players

Maureen Glynn

Re/Max

Broker

$1.1M

vol

1 deal

Broker

Quincy 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93