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Thumbprint Realty & Llc Acquires Multifamily Property In Milton, MA For $1.037M
SOLD
Massachusetts
See Similar DealsMultiFamily2,710 SF
Sold 09/20/2023
SOLD
Thumbprint Realty & Llc Acquires Multifamily Property In Milton, MA For $1.037M
24 Fairbanks Road
See Similar DealsMultiFamily2,710 SF
Sold 09/20/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$382
Total Square Footage:2,710 SF
Transaction Type:Sale
A multifamily property located at 24 Fairbanks Road in Milton, MA, was sold for $1,037,000. The property spans 2,710 square feet, resulting in a price per square foot of $383.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,037,000
- Address: 24 Fairbanks Road, Milton, MA
- Market: Milton, MA
The buyer's representative in this transaction was Jeremy Brandon from Thumbprint Realty & LLC, while the seller's representative was Mary Gaquin from Coldwell Banker Realty - Milton.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,306.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,684.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,915.91
Annual Debt Service$58,990.91
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