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Cathie Curran & Abby Reid Facilitate $1.15M Winthrop Multifamily Sale

Property Image
SOLD
$1,150,000

Massachusetts

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MultiFamily3,149 SF
Sold 05/02/2024
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Property Image
SOLD

Cathie Curran & Abby Reid Facilitate $1.15M Winthrop Multifamily Sale

131 Bartlett Road

See Similar Deals
MultiFamily3,149 SF
Sold 05/02/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$365
Total Square Footage:3,149 SF
Transaction Type:Sale

A two-family home in Winthrop with an attached mixed-use space sold for $1,150,000. The property, located at 131 Bartlett Road, consists of two units. The main unit offers 5 bedrooms and 3.5 baths, while unit two features lofted ceilings and a skylight. The total square footage of the property is 3,149, with a price per square foot of $365.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Units: 2
  • Price per Unit: $575,000
  • Square Footage: 3,149
  • Market: Winthrop, MA

The buyer's representative in this transaction was Cathie Curran from Charlesgate Realty Group, while the seller's representative was Abby Reid from Century 21 Cityside.

Players

Abby Reid
2 deals$2.3M volume(508) 389-3381
BROKER

Cathie Curran
Charlesgate Realty Group
3 deals$4.3M volume(617) 835-2850
BROKER

Details

SOLD
IMAGE: Cathie Curran & Abby Reid DATE: 05/02/2024 ADDRESS: 131 Bartlett Road MARKET: Winthrop, MA ASSET TYPE: Multifamily BUYER'S REP: Cathie Curran - Charlesgate Realty Group (@CharlesgateRealtyGroup) SELLER'S REP: Abby Reid (@Dashofab) - Century 21 Cityside (@Century21Cityside) SALE PRICE: $1,150,000 UNITS: 2 ~ PPU: $575,000 SF: 3,149 ~ PPSF: $365 NOTE: A two-family home in Winthrop with an attached mixed-use space sold for $1,150,000. The main unit offers 5 bedrooms and 3.5 baths, while unit two features lofted ceilings and a skylight.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$4,085.72
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