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88 Chestnut Street

Jorge & Ana Aguirre Buy Multifamily Property In Everett MA For $2.45M With Broker Brian Martinez
SOLDMultiFamily

Jorge & Ana Aguirre Buy Multifamily Property In Everett MA For $2.45M With Broker Brian Martinez

88 Chestnut Street

$2,450,000

$466/SF

Building Size

5,255 SF

Asset Type

MultiFamily

Closing

Apr 2, 2025

AI

This multifamily asset located at 88 Chestnut Street in Everett, MA is comprised of eight residential units, including four one-bedroom apartments, one three-bedroom unit, and three townhomes. The property has a total square footage of 5,255 and was sold for $2,450,000. The price per unit is $306,250, and the price per square foot is $466.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,450,000
  • Units: 8
  • Square Footage: 5,255
  • Price Per Unit: $306,250
  • Price Per Square Foot: $466
  • Buyer: Jorge & Ana Aguirre
  • Broker: Brian Martinez - Com-Pro Real Estate Services

Brian Martinez of Com-Pro Real Estate Services successfully facilitated this transaction, representing the interests of the buyer. The property is strategically located in a growing rental market, offering significant value-add potential for the incoming owners.

Players

Brian Martinez

Com-Pro Real Estate Services

Broker

$10.1M

vol

5 deals

Broker

Everett 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

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93