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
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