Cathie Curran & Abby Reid Facilitate $1.15M Winthrop Multifamily Sale
131 Bartlett Road
$1,150,000
$365/SF
Building Size
3,149 SF
Asset Type
MultiFamily
Closing
May 2, 2024
AI
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
Winthrop MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93