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Wakefield, MA Duplex Sells For $1.1M With 2 Units And 3-Bedroom Townhome
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily4,092 SF
Sold 06/14/2024
SOLD
Wakefield, MA Duplex Sells For $1.1M With 2 Units And 3-Bedroom Townhome
16 Line Road
See Similar DealsMultiFamily4,092 SF
Sold 06/14/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$268
Total Square Footage:4,092 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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