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Paul Colleary & Minh Voduy Facilitate $1.06M Multifamily Sale In Quincy, MA
SOLD
Massachusetts
See Similar DealsMultiFamily3,660 SF
Sold 05/06/2024
SOLD
Paul Colleary & Minh Voduy Facilitate $1.06M Multifamily Sale In Quincy, MA
96 Lancaster Street
See Similar DealsMultiFamily3,660 SF
Sold 05/06/2024
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,765.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,024.94
Annual Debt Service$60,299.29
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