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

Property Image
SOLD
$1,695,000

Massachusetts

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MultiFamily8,960 SF
Sold 07/03/2024
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Property Image
SOLD

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

12 Marshall Street & 14 Marshall Street

See Similar Deals
MultiFamily8,960 SF
Sold 07/03/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$189
Total Square Footage:8,960 SF
Transaction Type:Sale

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
2 deals$3.1M volume
BROKER

Details

SOLD
IMAGE: David Hayes DATE: 07/03/2024 ADDRESS: 12-14 Marshall Street MARKET: Watertown, MA ASSET TYPE: Multifamily BUYER'S REP: David Hayes - Coldwell Banker SELLER'S REP: Timur Abdurakhmonov - Northestern Realty Group SALE PRICE: $1,695,000 UNITS: 3 ~ PPU: $565,000 SF: 4,480 ~ PPSF: $378 NOTE: 12-14 Marshall St in Watertown, MA sold for $1,695,000. This fully-renovated, three-unit multifamily home in Watertown's Historic District includes a 4BR/3BA unit, a 2BR/1BA unit, and a 1BR/1BA unit, featuring modern kitchens with stainless steel appliances, in-unit laundry, and ample parking with two driveways and two garage spaces.

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

$90,400.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,021.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,035.16
Annual Debt Service$96,421.98