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25 Sturtevant Avenue

Norwood Multifamily Property Sold For $1.31M With Buyer's Rep The Jowdy Group & Seller's Rep Grace Li
SOLDMultiFamily

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

Grace Li

Broker

$2.3M

vol

2 deals

Broker

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