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13-15 Melrose Street, Arlin...

Ed Cashwell Acquires Multifamily Property On Melrose Street, Arlington MA For $1.01M
SOLDMultiFamily

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

Anthony Zafferano

Broker

$3.8M

vol

3 deals

Broker

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