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131 Bartlett Road

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

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

Abby Reid

Century 21

Broker

$2.3M

vol

2 deals

Broker

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