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16 Line Road

Wakefield, MA Duplex Sells For $1.1M With 2 Units And 3-Bedroom Townhome
SOLDMultiFamily

Wakefield, MA Duplex Sells For $1.1M With 2 Units And 3-Bedroom Townhome

16 Line Road

$1,100,000

$268/SF

Building Size

4,092 SF

Asset Type

MultiFamily

Closing

Jun 14, 2024

AI

A Wakefield, MA duplex sold for $1.1M at $269 per sq ft. The property includes two townhomes: an updated 4-bedroom unit and a newer 3-bedroom unit built in 2016, with hardwood floors and a large yard.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Units: 2
  • Price Per Unit: $550,000
  • Total Square Footage: 4,092
  • Price Per Square Foot: $269
  • Address: 16 Line Road, Wakefield, MA
  • Broker: Jason Saphire - HomeZu

The Wakefield duplex transaction was facilitated by Jason Saphire of HomeZu, representing the parties involved in the sale. Saphire's expertise in the market likely played a pivotal role in the successful completion of the $1.1 million deal.

Players

Jason Saphire

Saphire Hospitality

Broker

$10M

vol

5 deals

Broker

Reading 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93