Updated Dec 4, 2024
Barbara Shea & Teresa Polli Facilitate $2.5M Sale Of Canton Multifamily
853 Washington Street & 865 Washington Street
$2,500,000
$160/SF
Building Size
7,768 SF
Asset Type
MultiFamily
Closing
Jul 1, 2024
About this deal
AI
853-865 Washington St, Canton, MA 02021, sold for $2,500,000. This well-maintained six-unit multi-family property offers a prime investment opportunity in Canton, featuring spacious units with hardwood floors, granite countertops, central air conditioning, and ample parking.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Units: 6
- Price Per Unit: $416,667
- Square Footage: 7,768
- Price Per Square Foot: $322
- Address: 853-865 Washington Street, Canton, MA
- Market: Canton, MA
- Buyer's Rep: Barbara Shea - Shea Realty Group
- Seller's Rep: Teresa Polli - William Raveis Real Estate
The buyer's representative in this transaction was Barbara Shea from Shea Realty Group, while the seller's representative was Teresa Polli from William Raveis Real Estate.
Players
Canton 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93