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Eric Raynor Of Senné Acquires 11 Stearns Avenue Multifamily In Medford For $1.14M
SOLD
Massachusetts
See Similar DealsMultiFamily2,843 SF
Sold 06/07/2024
SOLD
Eric Raynor Of Senné Acquires 11 Stearns Avenue Multifamily In Medford For $1.14M
11 Stearns Avenue
See Similar DealsMultiFamily2,843 SF
Sold 06/07/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$401
Total Square Footage:2,843 SF
Transaction Type:Sale
Located at 11 Stearns Ave in Medford, MA, this multi-family property sold for $1,140,000. Featuring 5 beds, 2 baths, and 2,843 sq ft, it offers a rare opportunity for updates, with a partially finished attic space, a 2-car garage, and separate boilers.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,140,000
- Address: 11 Stearns Avenue
- Market: Medford, MA
- Square Footage: 2,843
- Price per Square Foot: $401
Eric Raynor from Senné represented the buyer in this transaction, while Kim Johnson from Redfin served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,050.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,404.18
Annual Debt Service$64,850.18
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