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Susan Kumar Of Massachusetts Realty Represents Buyer In $1.165M Multifamily Sale In Medford
SOLD
$1,165,000
Massachusetts
See Similar DealsMultiFamily3,000 SF
Sold 07/24/2024
SOLD
Susan Kumar Of Massachusetts Realty Represents Buyer In $1.165M Multifamily Sale In Medford
151 Fourth Street
See Similar DealsMultiFamily3,000 SF
Sold 07/24/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$388
Total Square Footage:3,000 SF
Transaction Type:Sale
The property involved in the transaction is a well-maintained two-family home located at 151 Fourth Street, Medford, MA. It was sold for $1,165,000. The asset spans 3,000 square feet and features two units, resulting in a price per unit of $582,500 and a price per square foot of $388.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,165,000
- Address: 151 Fourth Street
- Market: Medford, MA
- Units: 2
- Square Footage: 3,000
- Price Per Unit: $582,500
- Price Per Square Foot: $388
The deal involved representatives from Massachusetts Realty and Gibson Sotheby's International Realty. The buyer was represented by Susan Kumar, while Kenneth Leva represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,139.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,522.69
Annual Debt Service$66,272.33
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