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:
- Property Type: MultiFamily
- Transaction Amount: $1,050,000
- Units: 2
- Price Per Unit: $525,000
- Square Feet: 2,531
- Price Per Square Foot: $415
- Buyer's Representative: Jim Mcgue - Granite Group Realtors
- Seller's Representative: Maureen Glynn - Re/Max
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
Quincy MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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