Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,150,000
$365/SF
MultiFamily
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Winthrop MultiFamily Market Snapshot
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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