Updated Sep 9, 2024
Hakim Sadler's MIG Represents Sale Of 8-Unit Multifamily Property In Lynn, MA For $1.83M
81 Franklin Street, Lynn, Massachusetts 01902, United States
$1,830,000
$292/SF
Building Size
6,258 SF
Asset Type
MultiFamily
Closing
Jun 16, 2022
About this deal
AI
The multifamily property located at 81-83 Franklin St in Lynn, MA was recently sold for a total price of $1,830,000. The property consists of 8 units, resulting in a per unit price of $228,750. The total square footage of the property is 6,258, making the price per square foot $292.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,830,000
- Units: 8
- Price per Unit: $228,750
- Square Footage: 6,258
- Price per Square Foot: $292
- Market: Lynn, MA
Hakim Sadler from MIG served as the broker for this transaction.
Players
Lynn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Hakim Sadler to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.67%
Cash-on-Cash
-2.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93