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13 Conn Street

Kim Covino Sells Multifamily In Woburn, MA For $1.68M At Compass
SOLDMultiFamily

Kim Covino Sells Multifamily In Woburn, MA For $1.68M At Compass

13 Conn Street & 15 Conn Street

$1,680,000

$193/SF

Building Size

8,704 SF

Asset Type

MultiFamily

Closing

Jun 24, 2024

AI

A newly constructed multi-family property at 13-15 Conn St., Woburn, sold for $1.68 million. This asset comprises two townhouses with a total of 6 beds and 7 baths, featuring modern amenities such as a chef’s kitchen, EV charging, and a finished basement.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,680,000
  • Units: 2
  • Price Per Unit: $840,000
  • Square Footage: 4,352
  • Price Per Square Foot: $386
  • Address: 13-15 Conn Street, Woburn, MA
  • Market: Woburn, MA

Kim Covino from Compass represented the deal as the broker involved in this transaction.

Players

Kim Covino

Compass

Broker

$15.6M

vol

8 deals

Broker

Woburn 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

9.44%

Cash-on-Cash

-2.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93