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19-21 Mount Vernon Street

Dreamhouse Team Represents Buyer In $1.3M Multifamily Sale At 19-21 Mount Vernon Street, Arlington
SOLDMultiFamily

Dreamhouse Team Represents Buyer In $1.3M Multifamily Sale At 19-21 Mount Vernon Street, Arlington

19-21 Mount Vernon Street

$1,300,000

$385/SF

Building Size

3,376 SF

Asset Type

MultiFamily

Closing

Jul 31, 2024

AI

The property involved in this transaction is a multifamily asset located at 19-21 Mount Vernon Street, Arlington, MA. The sale price for this updated two-family home was $1,300,000. The property spans 3,376 square feet and comprises two units, with a price per unit of $650,000 and a price per square foot of $385. It features seven bedrooms and four bathrooms, along with a finished walk-out basement, modern kitchens, in-unit laundry, and new hardwood flooring. The property includes off-street parking and is conveniently located near schools, transit, and Arlington town center.

Summary of transaction details:

The transaction involved the Dreamhouse Team representing the buyer and Ning Sun representing the seller, both affiliated with Phoenix Real Estate Group. This collaboration facilitated the successful deal between the parties involved.

Players

Ning Sun

Phoenix Real Estate Group

Broker

$2.8M

vol

2 deals

Broker

Arlington 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93