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.
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