Alison Socha Team Acquires Multifamily Property In Melrose, MA For $1.25M
SOLD
$1,250,000
Massachusetts
See Similar DealsMultiFamily5,234 SF
Sold 05/26/2022
SOLD
Alison Socha Team Acquires Multifamily Property In Melrose, MA For $1.25M
23 Summer Street, Melrose, Massachusetts 02176, United States
See Similar DealsMultiFamily5,234 SF
Sold 05/26/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$238
Total Square Footage:5,234 SF
Transaction Type:Sale
The multifamily property located at 21-23 Summer St in Melrose, MA has been sold for a price of $1,250,000. The property spans over 5,234 square feet, resulting in a price per square foot of $239.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Square Footage: 5,234
- Price Per Square Foot: $239
- Address: 21-23 Summer St, Melrose, MA
- Market: Melrose, MA
The transaction was facilitated by The Alison Socha Team from Leading Edge Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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