Updated Dec 4, 2024
Christopher Sanner & James Riel Facilitate Melrose Multifamily Sale At $1.1M
143 Rowe Street
$1,100,000
$292/SF
Building Size
3,762 SF
Asset Type
MultiFamily
Closing
Apr 1, 2024
About this deal
AI
A charming Victorian-style 2-family home at 143 Rowe St, Melrose, MA 02176, sold for $1,100,000, boasting two residential units side by side and offering ample square footage and potential.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 2
- Price Per Unit: $550,000
- Square Footage: 3,762
- Price Per Square Foot: $292
- Address: 143 Rowe Street, Melrose, MA
- Market: Melrose, MA
- Buyer's Rep: Christopher Sanner - Evo Real Estate Group
- Seller's Rep: James Riel - Jr Associates
The transaction at 143 Rowe Street was overseen by Christopher Sanner of Evo Real Estate Group as the buyer's representative and James Riel of Jr Associates as the seller's representative, ensuring a successful deal for both parties involved.
Players
Melrose MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Christopher Sanner to view all their deals.
Browse Melrose multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93