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Karina Demurchyan Acquires Multifamily Property In Watertown For $1.22M

Property Image
SOLD
$1,220,000
Ari Koufos
Karina Demurchyan

Massachusetts

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MultiFamily
Sold 06/28/2024
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Property Image
SOLD

Karina Demurchyan Acquires Multifamily Property In Watertown For $1.22M

13-15 Harnden Avenue

See Similar Deals
MultiFamily
Sold 06/28/2024
Ari Koufos
Karina Demurchyan
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

A two-family home at 13-15 Harnden Ave in Watertown was sold for $1,220,000. The property boasts updated kitchens, hardwood floors, and offers convenient access to shopping and public transportation. Situated near Victory Field and Waverley Square, this meticulously maintained home provides a comfortable living space.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,220,000
  • Units: 2
  • Price per Unit: $610,000
  • Address: 13-15 Harnden Avenue, Watertown, MA
  • Market: Watertown, MA

Karina Demurchyan from Real Brokerrepresented the buyer in this transaction, while Ari Koufos from Realty Executives represented the seller. The deal was successfully closed on 06/28/2024, showcasing the expertise of the involved real estate professionals.

Players

Ari Koufos
Realty Executives
Ari Koufos
13 deals$16.2M volume
BROKER
Real Broker
Real Broker
BROKERAGE

Details

SOLD
IMAGE: Karina Demurchyan & Ari Koufos DATE: 06/28/2024 ADDRESS: 13-15 Harnden Avenue MARKET: Watertown, MA ASSET TYPE: Multifamily BUYER'S REP: Karina Demurchyan (@MyBostonRealtorKarina) - Real Broker SELLER'S REP: Ari Koufos (@AriKoufos_RealEstate) - Realty Executives SALE PRICE: $1,220,000 UNITS: 2 ~ PPU: $610,000 NOTE: A meticulously maintained two-family home at 13-15 Harnden Ave in Watertown sold for $1,220,000. Located near Victory Field and Waverley Square, the property features updated kitchens, hardwood floors, and convenient access to shopping and public transportation.

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

$65,066.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,334.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,783.42
Annual Debt Service$69,401.07