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Waltham Multifamily Property Sold For $1.315M With Gary J. Marchese Of Marchese Realty Group

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SOLD
$1,315,000

Massachusetts

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MultiFamily3,138 SF
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Property Image
SOLD

Waltham Multifamily Property Sold For $1.315M With Gary J. Marchese Of Marchese Realty Group

116-118 Charles Street

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MultiFamily3,138 SF
Sold
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$419
Total Square Footage:3138 SF
Transaction Type:Sale

In Waltham, a multifamily property located at 116-118 Charles Street was sold for $1,315,000. This transaction was overseen by broker Gary J. Marchese of Marchese Realty Group. The property spans a total of 3,138 square feet, resulting in a price per square foot of $419. The asset type is categorized as a multifamily property in the real estate market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,315,000
  • Address: 116-118 Charles Street
  • Market: Waltham, MA
  • Broker: Gary J. Marchese - Marchese Realty Group
  • Square Footage: 3,138
  • Price Per Square Foot: $419

This deal involved broker Gary J. Marchese representing Marchese Realty Group. Their expertise and negotiation skills played a crucial role in facilitating the successful sale of the multifamily property at 116-118 Charles Street in Waltham, MA.

Players

Gary J. Marchese
Marchese Realty Group
Gary J. Marchese
2 deals$2.6M volume(781) 891-8657
BROKER

Details

SOLD
IMAGE: Gary J. Marchese DATE: 12/22/2023 ADDRESS: 116-118 Charles Street MARKET: Waltham, MA ASSET TYPE: Multifamily BROKER: Gary J. Marchese (@GaryJymbob) - Marchese Realty Group SALE PRICE: $1,315,000 SF: 3,138 ~ PPSF: $419 NOTE: In Waltham, the multifamily property at 116-118 Charles Street was sold for $1,315,000, with broker Gary J. Marchese of Marchese Realty Group overseeing the transaction. The asset type is categorized as a multifamily property in the real estate market.

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

$70,133.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,671.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,233.77
Annual Debt Service$74,805.25