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Montivista Real Estate Group Acquires Multifamily Property In Medford For $1.19M
SOLD
$1,189,000
Massachusetts
See Similar DealsMultiFamily4,504 SF
Sold 03/14/2024
SOLD
Montivista Real Estate Group Acquires Multifamily Property In Medford For $1.19M
23 Pinkham Road & 25 Pinkham Road
See Similar DealsMultiFamily4,504 SF
Sold 03/14/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$264
Total Square Footage:4,504 SF
Transaction Type:Sale
A multifamily property located at 23-25 Pinkham Road in Medford, MA, was sold for $1,189,000. The property spans 2,252 square feet with a price per square foot of $528.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,189,000
- Address: 23-25 Pinkham Road
- Market: Medford, MA
The buyer, Montivista Real Estate Group of Keller Williams Realty Boston South West, and the seller's representative, Patricia A. Torcivia of Trinity Real Estate, facilitated the successful transaction of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$63,413.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,224.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,636.47
Annual Debt Service$67,637.60
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