Hongfang Yang Acquires Multifamily Property On Arlington Street For $533K
SOLD
$533,000
Massachusetts
See Similar DealsMultiFamily5,008 SF
Sold 05/31/2023
SOLD
Hongfang Yang Acquires Multifamily Property On Arlington Street For $533K
102 Arlington St Framingham, MA 01702, USA
See Similar DealsMultiFamily5,008 SF
Sold 05/31/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$106
Total Square Footage:5,008 SF
Transaction Type:Sale
A multifamily property located at 102 Arlington Street in Framingham, MA has been sold for a total price of $533,000. The property consists of two units with a price per unit of $266,500. The total square footage of the property is 5,008, resulting in a price per square foot of $106.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $533,000
- Units: 2
- Price Per Unit (PPU): $266,500
- Square Footage (SF): 5,008
- Price Per Square Foot (PPSF): $106
- Address: 102 Arlington Street, Framingham, MA
Hongfang Yang has purchased the property from Oscar Vasquez. The transaction was facilitated by Nelson Otuechere from N.C.O. Realty Group, who represented both the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$28,426.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,893.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,526.69
Annual Debt Service$30,320.30
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