Updated Dec 4, 2024
Susan Kumar Of Massachusetts Realty Represents Buyer In $1.165M Multifamily Sale In Medford
151 Fourth Street
$1,165,000
$388/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Jul 24, 2024
About this deal
AI
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.
On the Map
$1,165,000
$388/SF
MultiFamily
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Medford 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
13.62%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93