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Multifamily Property In Norwood, MA Sold For $1.065M With Buyer's & Seller's Reps

Property Image
SOLD
$1,065,000
John Maxfield
Tony Camarra

Massachusetts

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MultiFamily3,099 SF
Sold 03/15/2024
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Property Image
SOLD

Multifamily Property In Norwood, MA Sold For $1.065M With Buyer's & Seller's Reps

25-27 Florence Avenue

See Similar Deals
MultiFamily3,099 SF
Sold 03/15/2024
John Maxfield
Tony Camarra
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$343
Total Square Footage:3,099 SF
Transaction Type:Sale

A multifamily property located at 25-27 Florence Avenue in Norwood, MA, was recently sold for $1,065,000. The property spans 3,099 square feet, resulting in a price per square foot of $344.

Summary of transaction details:

The transaction was facilitated by John Maxfield of Maxfield & Company Real Estate, who represented the buyer, while the seller was represented by Tony Camarra of Camber Real Estate.

Players

John Maxfield
Maxfield & Company Real Estate
John Maxfield
2 deals$2.2M volume(617) 293-8003
BROKER
Tony Camarra
Camber Real Estate
Tony Camarra
1 deal$1.1M volume
BROKER

Details

SOLD
IMAGE: John Maxfield & Tony Camarra DATE: 03/15/2024 ADDRESS: 25-27 Florence Avenue MARKET: Norwood, MA ASSET TYPE: Multifamily BUYER'S REP: John Maxfield (@JMxfield/) - Maxfield & Company Real Estate SELLER'S REP: Tony Camarra - Camber Real Estate SALE PRICE: $1,065,000 SF: 3,099 ~ PPSF: $344 NOTE: A multifamily property at 25-27 Florence Avenue in Norwood, MA, was sold for $1,065,000. The buyer was represented by John Maxfield of Maxfield & Company Real Estate, while Tony Camarra of Camber Real Estate represented the seller.

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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)-$3,783.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,048.64
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