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Barbara Shea & Teresa Polli Facilitate $2.5M Sale Of Canton Multifamily
SOLD
Massachusetts
See Similar DealsMultiFamily15,536 SF
Sold 07/01/2024
SOLD
Barbara Shea & Teresa Polli Facilitate $2.5M Sale Of Canton Multifamily
853 Washington Street & 865 Washington Street
See Similar DealsMultiFamily15,536 SF
Sold 07/01/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$160
Total Square Footage:15,536 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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