facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

14-18 Cotting Avenue

Didier Lopez Of Re/Max Represents Buyer In Marlborough Multifamily Sale At $1.35M
SOLDMultiFamily

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:

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

Stephen Bremis

Steve Bremis Realty Group

Broker

$11.4M

vol

8 deals

Broker

Marlborough 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93