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Rebecca Huang & Pauline Marino Close $1.4M Multifamily Sale In Arlington, MA

Property Image
SOLD
$1,400,000

Massachusetts

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MultiFamily3,663 SF
Sold 04/25/2024
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Property Image
SOLD

Rebecca Huang & Pauline Marino Close $1.4M Multifamily Sale In Arlington, MA

17 Norcross Street

See Similar Deals
MultiFamily3,663 SF
Sold 04/25/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$382
Total Square Footage:3,663 SF
Transaction Type:Sale

A triple-decker 3-family home in East Arlington at 17 Norcross Street was recently sold for $1.4 million. The property, spanning 3,663 square feet, offers investment potential for condominium conversion and rental income. Conveniently located near bus lines to Boston and major highways, the multifamily asset has a price per unit of $466,667 and a price per square foot of $382.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Units: 3
  • PPU: $466,667
  • SF: 3,663
  • Address: 17 Norcross Street
  • Market: Arlington, MA

Rebecca Huang from East West Real Estate represented the buyer in this transaction, while Pauline Marino from Coldwell Banker acted as the seller's representative.

Players

Rebecca Huang
3 deals$3.6M volume
BROKER

Pauline Marino
Coldwell Banker
1 deal$1.4M volume(781) 248-9294
BROKER

Details

SOLD
IMAGE: Rebecca Huang & Pauline Marino DATE: 04/25/2024 ADDRESS: 17 Norcross Street MARKET: Arlington, MA ASSET TYPE: Multifamily BUYER'S REP: Rebecca Huang - East West Real Estate SELLER'S REP: Pauline Marino (@RealtorPaulineMarino) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $1,400,000 UNITS: 3 ~ PPU: $466,667 SF: 3,663 ~ PPSF: $382 NOTE: A triple-decker 3-family home in East Arlington sold for $1.4 million. The property, offering investment potential for condominium conversion and rental income, is conveniently located near bus lines to Boston and major highways.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,973.91
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