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

Property Image
SOLD
$1,100,000

Massachusetts

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MultiFamily4,092 SF
Sold 06/14/2024
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Property Image
SOLD

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

16 Line Road

See Similar Deals
MultiFamily4,092 SF
Sold 06/14/2024
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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.

Players

5 deals$10M volume
BROKER

Details

SOLD
IMAGE: Jason Saphire DATE: 06/14/2024 ADDRESS: 16 Line Road MARKET: Wakefield, MA ASSET TYPE: Multifamily BROKER: Jason Saphire - HomeZu SALE PRICE: $1,100,000 UNITS: 2 ~ PPU: $550,000 SF: 4,092 ~ PPSF: $269 NOTE: 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.

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Deal Type
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