Lisa-aron Williams Of Coldwell Banker Realty Acquires $1.36M Multifamily Property In Medford, MA With Seller's Rep Maureen Schlegel
SOLD
$1,357,500
Massachusetts
See Similar DealsMultiFamily4,113 SF
Sold 02/18/2022
SOLD
Lisa-aron Williams Of Coldwell Banker Realty Acquires $1.36M Multifamily Property In Medford, MA With Seller's Rep Maureen Schlegel
14 Summer Street, Medford, Massachusetts 02155, United States
See Similar DealsMultiFamily4,113 SF
Sold 02/18/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$330
Total Square Footage:4,113 SF
Transaction Type:Sale
A multifamily property located at 12-14 Summer St in Medford, MA has been sold for a total price of $1,357,500. The property spans a total of 4,113 square feet, resulting in a price per square foot of $330.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,357,500
- Address: 12-14 Summer St, Medford, MA
- Market: Medford, MA
Lisa-aron Williams from Coldwell Banker Realty - Wayland represented the buyer in this transaction, while Maureen Schlegel from CENTURY 21 Advance Realty acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,822.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,435.24
Annual Debt Service$77,222.91
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