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Eileen Doherty Of Lamacchia Realty Represents Buyer In $1.25M Woburn Multifamily Sale
SOLD
$1,250,000
Massachusetts
See Similar DealsMultiFamily3,440 SF
Sold 08/30/2024
SOLD
Eileen Doherty Of Lamacchia Realty Represents Buyer In $1.25M Woburn Multifamily Sale
1 Traverse Street
See Similar DealsMultiFamily3,440 SF
Sold 08/30/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$363
Total Square Footage:3,440 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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