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12 Marshall Street

David Hayes Of Coldwell Banker Represents Buyer In $1.695M Multifamily Sale In Watertown MA
SOLDMultiFamily

David Hayes Of Coldwell Banker Represents Buyer In $1.695M Multifamily Sale In Watertown MA

12 Marshall Street & 14 Marshall Street

$1,695,000

$189/SF

Building Size

8,960 SF

Asset Type

MultiFamily

Closing

Jul 3, 2024

AI

12-14 Marshall Street is a three-unit multifamily home located in Watertown, MA, that has been fully renovated. The property sold for $1,695,000 and spans 4,480 square feet. The multifamily asset consists of a 4-bedroom, 3-bathroom unit, a 2-bedroom, 1-bathroom unit, and a 1-bedroom, 1-bathroom unit. The modern kitchens feature stainless steel appliances, and the property includes in-unit laundry facilities, two driveways, and two garage spaces.

Summary of transaction details:

This transaction involved key representatives in the real estate industry, with David Hayes representing the buyer and Timur Abdurakhmonov representing the seller. The deal took place on March 7, 2024, contributing to the dynamics of the Watertown real estate market.

Players

David Hayes

Coldwell Banker

Broker

$3.1M

vol

2 deals

Broker

Watertown 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

9.36%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93