Erica Covelle Sells Multifamily Property In Arlington, MA For $1.2M With Buyer's Rep Nellie Aikenhead
SOLD
$1,200,000
Massachusetts
See Similar DealsMultiFamily2,162 SF
Sold 07/06/2020
SOLD
Erica Covelle Sells Multifamily Property In Arlington, MA For $1.2M With Buyer's Rep Nellie Aikenhead
1-3 Osborne Rd, Arlington, Massachusetts, USA
See Similar DealsMultiFamily2,162 SF
Sold 07/06/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$555
Total Square Footage:2,162 SF
Transaction Type:Sale
The multifamily property located at 1-3 Osborne Rd in Arlington, MA has been sold for a price of $1,200,000. The property spans a total of 2,162 square feet, resulting in a price per square foot of $555.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 1-3 Osborne Rd, Arlington, MA
- Market: Arlington, MA
Erica Covelle from Compass represented the seller in this transaction, while Nellie Aikenhead from Aikenhead Real Estate, Inc. represented the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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