Multifamily Property At 151 Fourth Street In Medford Sold For $1.165M With Seller's Rep Kenneth Leva
SOLD
$1,165,000
Massachusetts
See Similar DealsMultiFamily3,000 SF
Sold 07/24/2024
SOLD
Multifamily Property At 151 Fourth Street In Medford Sold For $1.165M With Seller's Rep Kenneth Leva
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 multifamily asset located at 151 Fourth Street in Medford, MA. It consists of 2 units and has a total square footage of 3,000. The sale price of the property was $1,165,000, 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
- Units: 2
- Square Footage: 3,000
- Price Per Unit: $582,500
- Price Per Square Foot: $388
- Seller's Representative: Kenneth Leva - Gibson Sothebys International Realty
- Transaction Date: 07/24/2024
- Market: Medford, MA
Representing the seller in this transaction was Kenneth Leva from Gibson Sothebys International Realty, facilitating the deal in the multifamily market in Medford, MA.
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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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