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:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Square Footage: 2,568
- Price Per Square Foot: $506
- Buyer's Representative: Xavier Clair - Advantage Real Estate
- Seller's Representative: Matt Gorman - Edge Realty Advisors
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
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