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:
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Units: 2
- Price Per Unit: $612,500
- Square Footage: 2,579
- Price Per Square Foot: $475
- Broker: Yuan Guo - Phoenix Real Estate Group
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.
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