Didier Lopez Of Re/Max Represents Buyer In Marlborough Multifamily Sale At $1.35M
14-18 Cotting Avenue
$1,350,000
$303/SF
Building Size
4,456 SF
Asset Type
MultiFamily
Closing
Jul 15, 2024
AI
A five-family rental property at 14-18 Cotting Avenue in Marlborough, MA, has been sold for $1,350,000. The property spans 4,456 sq. ft. and comprises 9 bedrooms and 5 bathrooms. The price per unit is $270,000, and the price per square foot stands at $303. Recent updates and a new roof contribute to its significant investment potential.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Units: 5
- Square Footage: 4,456
- Price Per Unit: $270,000
- Price Per Square Foot: $303
- Buyer's Representative: Didier Lopez - Re/Max
- Seller's Representative: Stephen Bremis - Steve Bremis Realty Group
Didier Lopez represented the buyer in this transaction, while Stephen Bremis acted as the seller's representative, showcasing a collaborative effort in the multifamily real estate market. Both representatives played integral roles in facilitating the successful transfer of the property.
Players
Marlborough 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93