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Eileen Doherty Of Lamacchia Realty Represents Sale Of Multifamily Property In Woburn For $1.25M
SOLD
$1,250,000
Massachusetts
See Similar DealsMultiFamily4,111 SF
Sold 08/30/2024
SOLD
Eileen Doherty Of Lamacchia Realty Represents Sale Of Multifamily Property In Woburn For $1.25M
176 Salem Street
See Similar DealsMultiFamily4,111 SF
Sold 08/30/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$304
Total Square Footage:4,111 SF
Transaction Type:Sale
A large multi-family property at 176 Salem Street in Woburn, MA, has been sold for $1.25 million. The property includes 8 beds and 6 baths, covering an area of 4,111 square feet, resulting in a price per square foot of $304.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Square Footage: 4,111
- Sale Date: August 30, 2024
- Broker: Eileen Doherty
- Agency: Lamacchia Realty
Eileen Doherty represented the transaction from Lamacchia Realty, overseeing the sale of this multifamily asset, thus facilitating the contribution to the local real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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