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Alan Millar & Tina Millar Acquire Multifamily Asset In Lynn For $1.125M With Brokers Tatiana Cabassa & Maria Silveira

Property Image
SOLD
$1,125,000

Massachusetts

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MultiFamily3,897 SF
Sold 08/11/2025
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Property Image
SOLD

Alan Millar & Tina Millar Acquire Multifamily Asset In Lynn For $1.125M With Brokers Tatiana Cabassa & Maria Silveira

108 Grove Street

See Similar Deals
MultiFamily3,897 SF
Sold 08/11/2025
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$288
Total Square Footage:3,897 SF
Transaction Type:Sale

The property asset involved in the transaction is a multifamily building located at 108 Grove Street in Lynn, MA. The sale price for this asset was $1,125,000, with a total square footage of 3,897 and a price per square foot of $288.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,125,000
  • Square Footage: 3,897
  • Price per Square Foot: $288
  • Buyer: Alan Millar & Tina Millar
  • Seller: Wesley Sousa-Izidoro & Lucelia Izidoro
  • Brokers: Tatiana Cabassa - Liriano Realty & Maria Silveira - Century 21

The key individuals involved in the deal include buyers Alan Millar and Tina Millar, as well as sellers Wesley Sousa-Izidoro and Lucelia Izidoro, highlighting the parties engaged in this property transaction.

Players

Maria Silveira
2 deals$2.2M volume(781) 241-3228
BROKER

Tatiana Cabassa
Liriano Realty
2 deals$2.1M volume(978) 902-5376
BROKER

Century 21
BROKERAGE

Details

SOLD
IMAGE: Tatiana Cabassa & Maria Silveira DATE: 8/11/2025 ADDRESS: 108 Grove Street MARKET: Lynn, MA ASSET TYPE: Multifamily BUYER: Alan Millar & Tina Millar SELLER: Wesley Sousa-Izidoro & Lucelia Izidoro BROKERS: Tatiana Cabassa (@Realtor_TatianaCabassa) - Liriano Realty (@TheLirianoTeam) (@LirianoRealty) & Maria Silveira (@MariaSilveirac21) - Century 21 (@Century21) SALE PRICE: $1,125,000 SF: 3,897 ~ PPSF: $288

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

$60,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89