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Paul Colleary & Minh Voduy Facilitate $1.06M Multifamily Sale In Quincy, MA

Property Image
SOLD
$1,060,000

Massachusetts

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MultiFamily3,660 SF
Sold 05/06/2024
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Property Image
SOLD

Paul Colleary & Minh Voduy Facilitate $1.06M Multifamily Sale In Quincy, MA

96 Lancaster Street

See Similar Deals
MultiFamily3,660 SF
Sold 05/06/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$289
Total Square Footage:3,660 SF
Transaction Type:Sale

A two-family home at 96 Lancaster St, Quincy, MA, sold for $1,060,000, featuring 3,660 sq ft of living space, ample parking, and three basement storage units. Located near Quincy Center, the property includes recent updates, such as a new second-floor kitchen, making it ideal for investment or multigenerational living.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,060,000
  • Units: 2
  • Price Per Unit: $530,000
  • Square Footage: 3,660
  • Price Per Square Foot: $290
  • Address: 96 Lancaster Street
  • Market: Quincy, MA

The buyer's representative in the deal was Paul Colleary from Dream Realty, while the seller's representative was Minh Voduy from Thread Real Estate.

Players

Paul Colleary
2 deals$2.8M volume
BROKER

Minh Voduy
Thread Real Estate
3 deals$4M volume(617) 755-2279
BROKER

Details

SOLD
IMAGE: Paul Colleary & Minh Voduy DATE: 05/06/2024 ADDRESS: 96 Lancaster Street MARKET: Quincy, MA ASSET TYPE: Multifamily BUYER'S REP: Paul Colleary (@PaulColleary) - Dream Realty SELLER'S REP: Minh Voduy - Thread Real Estate SALE PRICE: $1,060,000 UNITS: 2 ~ PPU: $530,000 SF: 3,660 ~ PPSF: $290 NOTE: A two-family home at 96 Lancaster St, Quincy, MA, sold for $1,060,000, featuring 3,660 sq ft of living space, ample parking, and three basement storage units. Located near Quincy Center, the property includes recent updates, such as a new second-floor kitchen, making it ideal for investment or multigenerational living.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$3,765.97
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