Premier Property Solutions Acquires Multifamily Property In Everett, MA For $1.2M
SOLD
$1,200,000
Massachusetts
See Similar DealsMultiFamily3,804 SF
Sold 04/29/2022
SOLD
Premier Property Solutions Acquires Multifamily Property In Everett, MA For $1.2M
83 Norwood Street, Everett, Massachusetts 02149, United States
See Similar DealsMultiFamily3,804 SF
Sold 04/29/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$315
Total Square Footage:3,804 SF
Transaction Type:Sale
The multifamily property located at 83-85 Norwood in Everett, MA was recently sold. The sale took place on 04/29/2022. The property was sold for a total price of $1,200,000. It has a total square footage of 3,804, resulting in a price per square foot of $315.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 83-85 Norwood, Everett, MA
- Market: Everett, MA
- Buyer's Representative: Mark Giuliano - Premier Property Solutions, Llc
- Seller's Representative: Annemarie Torcivia - Trinity Real Estate
Mark Giuliano from Premier Property Solutions, Llc represented the buyer in this transaction. Annemarie Torcivia from Trinity Real Estate served as the seller's representative.
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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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