John Bulman Of Brad Hutchinson Real Estate Facilitates $1.2M Wakefield Multifamily Sale
18 Melvin Street & 20 Melvin Street
$1,200,000
$158/SF
Building Size
3,787 SF
Asset Type
MultiFamily
Closing
May 17, 2024
AI
A multifamily property located at 18-20 Melvin Street in Wakefield, MA, was sold for $1.2 million. The transaction was facilitated by John Bulman of Brad Hutchinson Real Estate. The property spans 3,787 square feet, amounting to a price per square foot of $317.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 18-20 Melvin Street
- Market: Wakefield, MA
- Broker: John Bulman - Brad Hutchinson Real Estate
The sale of the multifamily property at 18-20 Melvin Street in Wakefield, MA, involved John Bulman representing Brad Hutchinson Real Estate.
Wakefield 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93