Keller Williams Realty Acquires Multifamily Property In Cambridge For $1.25M
SOLD
$1,250,000
Massachusetts
See Similar DealsMultiFamily2,445 SF
Sold 06/02/2020
SOLD
Keller Williams Realty Acquires Multifamily Property In Cambridge For $1.25M
2534 Massachusetts Ave, Cambridge, Massachusetts, USA
See Similar DealsMultiFamily2,445 SF
Sold 06/02/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$511
Total Square Footage:2,445 SF
Transaction Type:Sale
A multifamily property located at 2534 Massachusetts Ave in Cambridge, MA has been sold for $1,250,000. The property spans 2,445 square feet with a price per square foot of $511. The sale took place on 06/02/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 2534 Massachusetts Ave, Cambridge, MA
- Square Footage: 2,445
- Price Per Square Foot: $511
- Date: 06/02/2021
Lori Orchanian, representing Coldwell Banker Realty - Belmont, served as the seller's representative in the transaction. Julia Xie, from Keller Williams Realty - Merrimack, represented the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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