Norwood Multifamily Property Sold For $1.31M With Buyer's Rep The Jowdy Group & Seller's Rep Grace Li
25 Sturtevant Avenue
$1,310,000
$269/SF
Building Size
4,860 SF
Asset Type
MultiFamily
Closing
Jul 23, 2024
AI
A 3-family home at 25 Sturtevant Ave., Norwood, sold for $1.31 million. The multifamily property consists of 4,860 square feet and features three units, providing an attractive per-unit price of $436,667 and a price per square foot of $270.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,310,000
- Units: 3
- Square Footage: 4,860
- Price Per Unit: $436,667
- Price Per Square Foot: $270
- Buyer's Representative: The Jowdy Group - RE MAX Distinct Advantage
- Seller's Representative: Grace Li - PlanSmart Realty LLC
The transaction highlighted the involvement of two key brokerage representatives. The buyer was supported by The Jowdy Group, aligning with RE MAX Distinct Advantage, while the seller was represented by Grace Li from PlanSmart Realty LLC.
Players
Norwood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.11%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93