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Norwood Multifamily Property Sold For $1.125M With Buyer's Rep Dalvin Estrada & Seller's Rep Michael Lord
SOLD
$1,125,000
Massachusetts
See Similar DealsMultiFamily2,488 SF
Sold 10/05/2023
SOLD
Norwood Multifamily Property Sold For $1.125M With Buyer's Rep Dalvin Estrada & Seller's Rep Michael Lord
245 Hill Street
See Similar DealsMultiFamily2,488 SF
Sold 10/05/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$452
Total Square Footage:2,488 SF
Transaction Type:Sale
A multifamily property located at 245 Hill Street in Norwood, MA, was sold for $1.125 million. The property has a total area of 2,488 square feet, resulting in a price per square foot of $452. The transaction took place on 10/05/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Address: 245 Hill Street, Norwood, MA
- Market: Norwood, MA
- Buyer's Representative: Dalvin Estrada - Estrada & Associates Realty LLC
- Seller's Representative: Michael Lord - Capital Realty Group
- Square Footage: 2,488
- Price per Square Foot: $452
The buyer, Dalvin Estrada, was represented by Estrada & Associates Realty LLC in this transaction. On the other hand, Michael Lord represented the seller, Capital Realty Group. Both parties played pivotal roles in the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89
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