Jeffrey Kirchick & Julianne Parker Acquire Multifamily Property In Wellesley, MA For $1.9M
SOLD
Massachusetts
See Similar DealsMultiFamily4,136 SF
Sold 05/23/2022
SOLD
Jeffrey Kirchick & Julianne Parker Acquire Multifamily Property In Wellesley, MA For $1.9M
121 Washington Street
See Similar DealsMultiFamily4,136 SF
Sold 05/23/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$463
Total Square Footage:4,136 SF
Transaction Type:Sale
A multifamily property located at 121 Washington St in Wellesley, MA has been sold. The property consists of 2 units with a total square footage of 4,136. The sale price for the property was $1,915,000, resulting in a price per unit of $957,500 and a price per square foot of $463.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,915,000
- Address: 121 Washington St, Wellesley, MA
- Market: Wellesley, MA
The buyer of the property is Jeffrey Kirchick & Julianne Parker, while the seller is Washingon St Investments LLC. The deal was facilitated by the broker, Andrew Haddad.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$102,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,803.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,078.08
Annual Debt Service$108,936.92
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