Updated Dec 21, 2023
RE/MAX Trinity Sells Medford Multifamily For $1.05M
21 Ellis Ave, Medford, Massachusetts, USA
$1,050,000
$405/SF
Building Size
2,588 SF
Asset Type
MultiFamily
Closing
May 14, 2020
About this deal
AI
The multifamily property located at 21 Ellis Ave in Medford, MA has been sold for a total price of $1,050,000. The transaction took place on 05/14/2021 and was represented by Diane Horrigan from RE/MAX Trinity as the seller's representative and Steven Brillhart from Inbound Real Estate Inc. as the buyer's representative. The property spans 2,588 square feet, resulting in a price per square foot of $406.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Date: 05/14/2021
- Address: 21 Ellis Ave, Medford, MA
- Seller's Representative: Diane Horrigan - RE/MAX Trinity
- Buyer's Representative: Steven Brillhart - Inbound Real Estate Inc.
- Square Footage: 2,588
- Price per Square Foot: $406
Diane Horrigan from RE/MAX Trinity represented the seller in this transaction, while Steven Brillhart from Inbound Real Estate Inc. represented the buyer. This sale showcases the strong demand for multifamily properties in Medford, MA, as evidenced by the sale price of $1,050,000 and the price per square foot of $406.
Players
Medford 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93