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:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Units: 2
- Square Feet: 3,376
- Price Per Unit: $650,000
- Price Per Square Foot: $385
- Buyer's Representative: Dreamhouse Team - Phoenix Real Estate Group
- Seller's Representative: Ning Sun - Phoenix Real Estate Group
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.
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