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212 Maplewood Street

Xavier Clair Of Advantage Real Estate Represents Buyer In $1.3M Watertown Multifamily Sale
SOLDMultiFamily

Xavier Clair Of Advantage Real Estate Represents Buyer In $1.3M Watertown Multifamily Sale

212 Maplewood Street & 214 Maplewood Street

$1,300,000

$253/SF

Building Size

5,136 SF

Asset Type

MultiFamily

Closing

Aug 1, 2024

AI

A 4-bedroom, 2-bathroom multi-family home located at 212-214 Maplewood Street in Watertown, MA, was sold for $1,300,000. The property spans 2,568 square feet and is situated at the end of a dead-end street, bordering Oakley Country Club. This multi-family asset offers significant renovation potential, featuring two units and a spacious yard.

Summary of transaction details:

Xavier Clair represented the buyer in this transaction, while Matt Gorman acted on behalf of the seller. The deal highlights the involvement of both Advantage Real Estate and Edge Realty Advisors, showcasing the collaboration between brokers in facilitating the sale of this multifamily property.

Players

Matt Gorman

Edge Realty Advisors

Broker

$6.5M

vol

4 deals

Broker

Watertown 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