Updated Dec 4, 2024
Eileen Doherty Of Lamacchia Realty Represents Sale Of Multifamily Property In Woburn For $1.25M
176 Salem Street
$1,250,000
$304/SF
Building Size
4,111 SF
Asset Type
MultiFamily
Closing
Aug 30, 2024
About this deal
AI
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.
Players
Woburn 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93