Ed Cashwell Acquires Multifamily Property On Melrose Street, Arlington MA For $1.01M
13-15 Melrose Street, Arlington, Massachusetts, USA
$1,010,000
$446/SF
Building Size
2,260 SF
Asset Type
MultiFamily
Closing
Apr 15, 2021
AI
A multifamily property located at 13-15 Melrose Street in Arlington, MA was recently sold for a price of $1,010,000. The property spans across 2,260 square feet, resulting in a price per square foot of $447. The sale took place on April 16, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,010,000
- Address: 13-15 Melrose Street, Arlington, MA
- Market: Arlington, MA
Anthony Zafferano from Norwich Realty Associates represented the seller in this transaction, while Ed Cashwell from Re/Max Platinum served as the buyer's representative.
Players
Arlington 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
15.71%
Cash-on-Cash
-4.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93