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1 Traverse Street

Updated Dec 4, 2024

Eileen Doherty Of Lamacchia Realty Represents Buyer In $1.25M Woburn Multifamily Sale
SOLDMultiFamily

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

Bryan Duby

Re/Max

Broker

$6.2M

vol

2 deals

Broker

Woburn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $363 per square foot on a published $1.3M for 3,440 square feet (2024).

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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

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