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Century 21 North East And Trinity Real Estate Complete Medford Multifamily Sale
SOLD
$1,000,000
Massachusetts
See Similar DealsMultiFamily3,073 SF
Sold 06/14/2024
SOLD
Century 21 North East And Trinity Real Estate Complete Medford Multifamily Sale
186 Central Avenue
See Similar DealsMultiFamily3,073 SF
Sold 06/14/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$325
Total Square Footage:3,073 SF
Transaction Type:Sale
A multifamily property located at 186-188 Central Avenue in Medford has been sold for $1,000,000. The property spans 3,073 square feet with a price per square foot of $325.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 186-188 Central Avenue
- Market: Medford
- Buyer's Representative: John Miro - Century 21 North East
- Seller's Representative: Dale Brousseau - Trinity Real Estate
John Miro of Century 21 North East represented the buyer in the transaction, while Dale Brousseau of Trinity Real Estate represented the seller for the sale of the multifamily property at 186-188 Central Avenue in Medford.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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