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
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