Updated Dec 20, 2023
Nirajan Tuladhar Acquires Melrose Multifamily From Marci Nault - $790K Sale
20 Mystic Avenue, Melrose, Massachusetts 02176, United States
$790,000
Units
2
Asset Type
MultiFamily
Closing
Apr 28, 2022
About this deal
AI
The multifamily property located at 20 Mystic Ave in Melrose, MA has been sold for a total price of $790,000. The property consists of 2 units, with a per unit price of $395,000. The transaction took place on April 29, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $790,000
- Units: 2
- Price per Unit: $395,000
The buyer of the property is Nirajan Tuladhar, while the seller is Marci Nault. The brokerage involved in the deal is Strategy Street, with Frank Ventresca representing both the buyer and seller as the broker.
Players
Melrose 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
20.08%
Cash-on-Cash
-5.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93