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Paul Morreale Of Gelineau & Associates R.E. Represents Buyer In Sale Of Waltham Multifamily For $1.365M

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SOLD
$1,365,000

Massachusetts

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MultiFamily3,456 SF
Sold 08/30/2024
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Property Image
SOLD

Paul Morreale Of Gelineau & Associates R.E. Represents Buyer In Sale Of Waltham Multifamily For $1.365M

208-210 Weston Street

See Similar Deals
MultiFamily3,456 SF
Sold 08/30/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$395
Total Square Footage:3,456 SF
Transaction Type:Sale

A four-family property located at 208-210 Weston Street in Waltham, MA has been sold for $1,365,000. The total square footage of the property is 3,456, resulting in a price per square foot of $395. The building includes three units that are occupied by tenants who are paying below-market rent. Each unit features four spacious rooms, hardwood floors, separate heating systems, and has undergone updates with a roof replacement in 2009 and new windows in 2011.

Summary of transaction details:

The transaction involved Paul Morreale representing the buyer from Gelineau & Associates R.E. and Roberta Landau representing the seller from Coldwell Banker. This deal highlights the collaborative efforts of both real estate agencies in facilitating the sale.

Players

Roberta Landau
1 deal$1.4M volume(617) 875-3505
BROKER

Paul Morreale
Gelineau & Associates R.E.
1 deal$1.4M volume(781) 589-1733
BROKER

Details

SOLD
IMAGE: Paul Morreale & Roberta Landau DATE: 08/30/2024 ADDRESS: 208-210 Weston Street MARKET: Waltham, MA ASSET TYPE: Multifamily BUYER'S REP: Paul Morreale - Gelineau & Associates R.E. SELLER'S REP: Roberta Landau - Coldwell Banker (@ColdwellBanker) SALE PRICE: $1,365,000 SF: 3,456 ~ PPSF: $395 NOTE: A four-family property at 208-210 Weston St in Waltham, MA sold for $1.365M, with three units occupied by tenants paying below-market rent. The building features four spacious rooms per unit, hardwood floors, separate heating systems, and recent updates including a 2009 roof and 2011 replacement windows.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$72,799.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,849.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,470.80
Annual Debt Service$77,649.56