Updated Dec 4, 2024
Eileen Doherty Of Lamacchia Realty Represents Buyer In $1.25M Woburn Multifamily Sale
1 Traverse Street
$1,250,000
$363/SF
Building Size
3,440 SF
Asset Type
MultiFamily
Closing
Aug 30, 2024
About this deal
AI
A recently renovated multifamily property located at 1 Traverse Street in Woburn, MA, sold for $1,250,000. The property features a total area of 3,440 square feet and is comprised of two updated structures with a total of three units. Each unit includes separate laundry hookups, stainless steel appliances, and quartz countertops. The property is situated on a fenced-in lot that includes an in-ground pool, patio, and ample parking.
Summary of transaction details:
- Property Type: Multidamily
- Transaction Amount: $1,250,000
- Square Footage: 3,440
- Price per Square Foot: $363
- Buyer's Representative: Eileen Doherty - Lamacchia Realty
- Seller's Representative: Bryan Duby - REMAX Triumph Realty
The transaction involved Eileen Doherty representing the buyer through Lamacchia Realty, while the seller was represented by Bryan Duby from REMAX Triumph Realty. This transaction showcases the involvement of these real estate professionals facilitating the deal in the Woburn market.
Players
Woburn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93