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

Property Image
SOLD
$2,450,000

Massachusetts

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MultiFamily5,255 SF
Sold 04/02/2025
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Property Image
SOLD

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

88 Chestnut Street

See Similar Deals
MultiFamily5,255 SF
Sold 04/02/2025
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$466
Total Square Footage:5,255 SF
Transaction Type:Sale

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
Brian Martinez
5 deals$10.1M volume(857) 756-0295
BROKER

Details

SOLD
IMAGE: Brian Martinez DATE: 04/02/2025 ADDRESS: 88 Chestnut Street MARKET: Everett, MA ASSET TYPE: Multifamily BUYER: Jorge & Ana Aguirre BROKER: Brian Martinez (@BMartinez_95) - Com-Pro Real Estate Services SALE PRICE: $2,450,000 UNITS: 8 ~ PPU: $306,250 SF: 5,255 ~ PPSF: $466 NOTE FROM BROKER: Brian Martinez of COM-PRO Real Estate Services Inc. successfully brokered the sale of this multifamily asset, which comprises eight residential units, including four one-bedroom apartments, one three-bedroom unit, and three townhomes. The incoming buyer acquires a property with significant value-add potential, strategically positioned in one of the region’s fastest-growing rental markets.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$130,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,704.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,614.25
Annual Debt Service$139,371.00