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Insight Realty Group Sells Multifamily Property In Brookline For $1.65M

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SOLD
$1,650,000

Massachusetts

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MultiFamily2,712 SF
Sold 06/17/2024
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Property Image
SOLD

Insight Realty Group Sells Multifamily Property In Brookline For $1.65M

115 Sumner Road

See Similar Deals
MultiFamily2,712 SF
Sold 06/17/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$608
Total Square Footage:2,712 SF
Transaction Type:Sale

The property at 115 Sumner Rd in Brookline, MA, was sold for $1.65 million. It is a classic 2-family home with wood detailing, maple floors, and ample storage. Each unit offers separate utilities, in-unit laundry, and the potential for condo conversion. The property is located steps away from public transit and local amenities in Brookline.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,650,000
  • Units: 2
  • Price Per Unit: $825,000
  • Square Footage: 2,712
  • Price Per Square Foot: $608
  • Address: 115 Sumner Road, Brookline, MA
  • Market: Brookline, MA

The sale of 115 Sumner Rd was facilitated by Michelle Quinn from Insight Realty Group, who represented the deal. Michelle Quinn played a pivotal role in closing the transaction, showcasing expertise in the real estate market of Brookline, MA.

Players

Michelle Quinn
1 deal$1.7M volume(508) 948-5642
BROKER

Details

SOLD
IMAGE: Michelle Quinn DATE: 06/17/2024 ADDRESS: 115 Sumner Road MARKET: Brookline, MA ASSET TYPE: Multifamily BROKER: Michelle Quinn - Insight Realty Group (@InsightRealtyBoston) SALE PRICE: $1,650,000 UNITS: 2 ~ PPU: $825,000 SF: 2,712 ~ PPSF: $608 NOTE: 115 Sumner Rd in Brookline, MA sold for $1.65 million, featuring a classic 2-family home with wood detailing, maple floors, and ample storage. Each unit offers separate utilities, in-unit laundry, and the potential for condo conversion, located steps away from public transit and local amenities in Brookline.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$88,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10