Redfin Corp Acquires Multifamily Property In Medford, MA For $1.45M
SOLD
$1,450,000
Massachusetts
See Similar DealsMultiFamily3,674 SF
Sold 05/13/2022
SOLD
Redfin Corp Acquires Multifamily Property In Medford, MA For $1.45M
29 Florence St, Medford, Massachusetts 02155, United States
See Similar DealsMultiFamily3,674 SF
Sold 05/13/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$394
Total Square Footage:3,674 SF
Transaction Type:Sale
The multifamily property located at 29-31 Florence St in Medford, MA has been sold for a price of $1,450,000. The property spans 3,674 square feet with a price per square foot of $395.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 29-31 Florence St, Medford, MA
- Market: Medford, MA
- Square Footage: 3,674
The buyer's representative for this transaction was Matt Zborezny from Redfin Corp, while the seller's representative was the Viva Real Estate Team from eXp Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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