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Barbara Shea & Teresa Polli Facilitate $2.5M Sale Of Canton Multifamily

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SOLD
$2,500,000

Massachusetts

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MultiFamily15,536 SF
Sold 07/01/2024
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Property Image
SOLD

Barbara Shea & Teresa Polli Facilitate $2.5M Sale Of Canton Multifamily

853 Washington Street & 865 Washington Street

See Similar Deals
MultiFamily15,536 SF
Sold 07/01/2024
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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:

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

Teresa Polli
1 deal$2.5M volume(978) 408-6628
BROKER

Barbara Shea
1 deal$2.5M volume(617) 590-3874
BROKER

Details

SOLD
IMAGE: Barbara Shea & Teresa Polli DATE: 07/01/2024 ADDRESS: 853-865 Washington Street MARKET: Canton, MA ASSET TYPE: Multifamily BUYER'S REP: Barbara Shea - Shea Realty Group SELLER'S REP: Teresa Polli (@RealEstateByTeresa) - William Raveis Real Estate (@WilliamRaveis) SALE PRICE: $2,500,000 UNITS: 6 ~ PPU: $416,667 SF: 7,768 ~ PPSF: $322 NOTE: 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.

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Deal Type
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