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Berkshire Hathaway HomeServices Acquires Multifamily Asset In Waltham, MA For $1.93M

Property Image
SOLD
$1,930,000

Massachusetts

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MultiFamily5,142 SF
Sold 10/08/2021
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Property Image
SOLD

Berkshire Hathaway HomeServices Acquires Multifamily Asset In Waltham, MA For $1.93M

227-229 South St, Waltham, Massachusetts, USA

See Similar Deals
MultiFamily5,142 SF
Sold 10/08/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$375
Total Square Footage:5,142 SF
Transaction Type:Sale

The multifamily property located at 227-229 South St in Waltham, MA has been sold for a total of $1,930,000. The property spans across 5,142 square feet, resulting in a price per square foot of $375.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,930,000
  • Address: 227-229 South St
  • Market: Waltham, MA

The buyer was represented by Anabela Gomes from Urban Realty, while the seller was represented by the Jim & Mike Savas Team from Berkshire Hathaway HomeServices Commonwealth Real Estate.

Players

2 deals$3M volume
BROKER


Michael "Mike" Savas
3 deals$4.6M volume
BROKER

Details

SOLD
IMAGE: Jim & Mike Savas DATE: 10/08/2021 ADDRESS: 227-229 South St MARKET: Waltham, MA ASSET TYPE: Multifamily BUYER'S REP: Anabela Gomes - Urban Realty SELLER'S REP: Jim & Mike Savas Team - Berkshire Hathaway HomeServices Commonwealth Real Estate SALE PRICE: $1,930,000 SF: 5,142 ~ PPSF: $375

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,856.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,149.18
Annual Debt Service$109,790.22