Gibson Sotheby's Acquires Multifamily Property In Arlington, MA For $1.335M
SOLD
Massachusetts
See Similar DealsMultiFamily3,450 SF
Sold 08/10/2021
SOLD
Gibson Sotheby's Acquires Multifamily Property In Arlington, MA For $1.335M
147 Highland Ave, Arlington, Massachusetts, USA
See Similar DealsMultiFamily3,450 SF
Sold 08/10/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$387
Total Square Footage:3,450 SF
Transaction Type:Sale
The multifamily property located at 147 Highland Ave in Arlington, MA has been sold for a price of $1,335,000. The property spans a total area of 3,450 square feet, resulting in a price per square foot of $387.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,335,000
- Market: Arlington, MA
The seller's representative in this transaction was Judy Weinberg from Leading Edge Real Estate, while the buyer was represented by Steve McKenna & The Home Advantage Team from Gibson Sotheby's International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$71,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,742.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,328.58
Annual Debt Service$75,942.97
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