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22 Gardner Street

Multifamily Property At 22 Gardner Street Sold For $1.225M With Broker Yuan Guo
SOLDMultiFamily

Multifamily Property At 22 Gardner Street Sold For $1.225M With Broker Yuan Guo

22 Gardner Street

$1,225,000

$475/SF

Building Size

2,579 SF

Asset Type

MultiFamily

Closing

Nov 1, 2024

AI

A multi-family property at 22 Gardner Street, Arlington, MA, was sold for $1,225,000, comprising 2,579 sq. ft. The property includes two units situated on a 4,286 sq. ft. lot and features a long-term tenant in the first unit while the second unit is vacant and move-in ready. Additional amenities consist of a 2-car garage and a location that offers easy access to schools, transit, and local amenities.

Summary of transaction details:

The transaction involved notable representation by Yuan Guo from Phoenix Real Estate Group, ensuring the deal's successful closure while navigating the complexities of the multi-family property market.

Players

Yuan Guo

Phoenix Real Estate Group

Broker

$1.2M

vol

1 deal

Broker

Arlington 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

12.95%

Cash-on-Cash

-3.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93