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11-13 Irving Street

Jamie Venezia & Lucas Tragos Of Center Square Realty Facilitate $1.81M Multifamily Sale
SOLDMultiFamily

Jamie Venezia & Lucas Tragos Of Center Square Realty Facilitate $1.81M Multifamily Sale

11-13 Irving Street

$1,810,000

$399/SF

Building Size

4,535 SF

Asset Type

MultiFamily

Closing

Mar 29, 2024

AI

A well-maintained 4-family property at 11-13 Irving St in Winchester was recently sold for $1.81 million. The property consists of a mix of one-bedroom, one-bathroom units on the first floor and townhouse-style three-bedroom, two-bathroom units on the top two floors. Each unit features in-unit laundry facilities and remodeled kitchens with granite countertops and stainless steel appliances.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,810,000
  • Units: 4
  • Price per Unit: $452,500
  • Square Footage: 4,535
  • Price per Square Foot: $399
  • Address: 11-13 Irving Street
  • Market: Winchester, MA

The sale of the property at 11-13 Irving Street was facilitated by Jamie Venezia and Lucas Tragos from Center Square Realty. They represented the parties involved in the transaction, ensuring a successful deal for both the buyers and sellers.

Players

Jamie Venezia

Broker

$4.6M

vol

3 deals

Broker

Winchester 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

8.76%

Cash-on-Cash

-2.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93