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Rebecca Huang Of East West Real Estate Represents Buyer In $1.075M Marshfield Multifamily Sale
SOLD
$1,075,000
Massachusetts
See Similar DealsMultiFamily11,225 SF
Sold 04/17/2024
SOLD
Rebecca Huang Of East West Real Estate Represents Buyer In $1.075M Marshfield Multifamily Sale
937 Webster Street
See Similar DealsMultiFamily11,225 SF
Sold 04/17/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$95
Total Square Footage:11,225 SF
Transaction Type:Sale
937 Webster St in Marshfield, MA, sold for $1.075 million, comprising two buildings with conversion potential. One building is approved for a two-bedroom single-family home, while the other offers mixed-use options with commercial space and approved plans for apartments and offices.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Address: 937 Webster Street
- Market: Marshfield, MA
- Square Footage: 11,225
- Price per Square Foot: $96
The buyer's representative in this deal was Rebecca Huang from East West Real Estate, while the seller was represented by Tucker Malmin from Cornerstone Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$57,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,819.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,096.05
Annual Debt Service$61,152.58
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